FARTCOIN Tumbles: What’s Driving the Drop and Is This Just the Beginning?
FARTCOIN's price takes a nosedive—again. Traders scramble as the meme coin flirts with danger zones, while 'serious investors' pretend they never heard of it.
Why the slump? Three brutal truths:
1. Liquidity crunch: Whales are dumping faster than a degenerate gambler after a 10x loss.
2. Macro tremors: The Fed's latest rate hike crushed risk assets harder than a Bitcoin maximalist's dreams of altcoin dominance.
3. Sentiment shift: That 'utility' whitepaper update? About as convincing as a used-car salesman pitching a 1999 Toyota Corolla as a 'Web3-ready vehicle.'
Bottom line: This could be the start of a deeper correction—or just another Tuesday in crypto. Either way, buckle up. (And maybe reconsider that 'diamond hands' strategy while you still have rent money.)
Whale Offloads $1.57M in FARTCOIN on Binance
A whale wallet has sold 1.459 million Fartcoin for 10,509 SOL, valued at approximately $1.57 million, according to OnchainLens using data from Nansen. The average selling price was $1.07. The same wallet had purchased these tokens for 5,171 SOL (about $606,000) three months ago, resulting in a profit of $963,000.
A whale has sold for 1.459M $FARTCOIN for 10,509 $SOL ($1.57M), at a price of $1.07, and deposited it into #Binance.
The whale bought these $FARTCOIN for 5,171 $SOL ($606K), 3 months ago, making a profit of $963K.
Address: AGF8NeiyY4zhFLuFW4qRQyFLRvNhuDsNsHYVD8435yNG
Data… pic.twitter.com/aoOJXb2F8D
— Onchain Lens (@OnchainLens) July 8, 2025
Meanwhile, the tokens were deposited into Binance shortly after the sale. The transaction size and timing have drawn attention as it coincided with a pullback in FARTCOIN’s price.
Price Drops After Whale Movement
FARTCOIN was trading at $1.10 at press time, reflecting a 24-hour drop of 7.38%. Over the past week, the cryptocurrency is down 1.23%, according to data from CoinGecko. The decline followed the whale’s transaction, though it is unclear whether the sale directly caused the dip or was part of a broader trend.
Crypto analyst Budhil Vyas pointed out that “$1.087 is a key support level” and warned that “if this level breaks, we may revisit $0.95.” Traders are watching the $1.21 resistance closely, which is considered a breakout level if price closes above it.
Technical Indicators Remain Neutral
On the technical side, the Relative Strength Index (RSI) is at 49.18, slightly below its moving average of 50.14. This places the token in a neutral momentum zone. Neither bullish nor bearish momentum is dominant at the moment.
The MACD shows a recent bullish crossover. While this may suggest early buying pressure, the trend remains weak and unconfirmed.
In addition, according to Coinglass, FARTCOIN futures open interest has increased by 2.22% to $755.84 million. Trading volume also surged by 51.92%, reaching $2.23 billion. The rise in open interest, along with the steady price, may signal an upcoming move.
