Whales Purchase 6 Million Fartcoin Amid Recent Market Activity
Meme cryptocurrency Fartcoin (#FARTCOIN) gained attention amid a crypto bull market. Despite a 50% drop over the past week, it rose approximately 8% in the last 24 hours, trading at $0.5302.
- Two whales purchased a total of 6 million tokens during the recent dip.
- Whale “Ansem” bought $818,000 worth at an average price of $0.4142, following a previous sale at $0.93 for a $4.1 million profit.
- Another whale, “59aZn,” acquired 5 million tokens at an average price of $0.4574.
- Fartcoin is currently around 80% below its all-time high of $2.61 from 18 days ago.
Fartcoin Price Analysis
- Market cap: $526.27 million; ranked as the 11th-largest meme coin.
- 24-hour trading volume: $245 million.
- Price action indicates potential breakout above $0.80 with increased volumes.
- Accumulation levels have dropped recently but are showing signs of recovery.
- Current Relative Strength Index (RSI): 42.26, indicating seller control.
- Bullish divergence confirmed by MACD indicator on the 4-hour chart.
Source: TradingView
Source: TradingView