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Fartcoin Drops 8% Amid Whale Sell-Offs, Tests Key Support at $1.30
Fartcoin Drops 8% Amid Whale Sell-Offs, Tests Key Support at $1.30
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BTCCSquare news:
Fartcoin (FARTCOIN) tumbled 8.97% in the past 24 hours, erasing gains from its recent rally to $1.69. The sell-off was triggered by a whale dumping 1.96 million tokens worth $2.72 million, signaling profit-taking among large holders. Exchange inflows surged 3.54%, with spot netflow hitting $668K, according to CoinGlass data.
Technical indicators suggest further downside risk if the $1.30 support fails, with a potential drop to $1.18. Despite bearish on-chain signals, futures traders remain optimistic about a rebound. Whale balances turned negative for the first time in over a week, marking a shift in sentiment among large holders.
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