Fartcoin Faces Sustained Selling Pressure as Social Interest Wanes
Fartcoin extends its decline for a third consecutive day, testing a critical support level at $0.71 as social media chatter around the meme coin evaporates. Santiment data reveals social volume has entered a trough period, with dominance metrics collapsing to 0.25% of top-100 crypto discussions.
Derivatives markets reflect the waning optimism, with open interest plunging to $562 million from recent highs. The weighted sentiment score of -0.275 confirms bearish positioning among retail traders, though some may view the silence as a contrarian accumulation opportunity before the next HYPE cycle.