Whale Dumps $5M in FARTCOIN After 300% Surge — Market Reacts Instantly

7h ago•

bullish:

bearish:

A major FARTCOIN investor triggered immediate market turbulence after offloading $4.7 million worth of tokens Wednesday. Arkham Intelligence data confirmed the whale accumulated $2.4 million in FARTCOIN between $0.20 and $0.30 per token.

Their position surged to $10.4 million before the investor sold nearly half to secure quick profits. The liquidation occurred at an average price of $1.18, locking a profit of approximately $5.14 million.

Market participants experienced strong reactions and volatile price changes when the investor immediately converted their holdings to USDC stablecoins. Although the market value declined substantially, the investor retains FARTCOIN, which is currently worth $5.57 million.

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FARTCOIN encountered brief market stresses before its recovery, which led to $1.11 price stability and boosted its value by 2.54 percent daily. The price chart displays an initial severe upward surge followed by a brief descent before entering a position of stable movement with intense price fluctuations.

Investor Exit Spurs Volatility as Traders Focus on Key Technical Levels and Market Strength

Support has formed around $1.08, a reliable rebound zone during short-term intraday pullbacks. Another strong support level is $1.10, which has consistently held firm through repeated bearish attempts today.

The price resistance point at $1.17 established itself after prices reached the daily peak and started moving downward again. Price rejections at $1.15 strengthened sellers’ defensive stance in the price zone above market levels.

Trading depth has maintained steady momentum because active investors have transacted $447.57 million over the past day. The market’s liquidity and participation continue because of its 40% strong ratio between trading volume and market capitalization.

All 999.99 million FARTCOIN tokens are circulating in the market, enabling smooth price movement patterns.

Technical analysis indicates continuing bullish trends, while the RSI rises to 64.56 before reaching levels that might signal market overbearing. The bullish market sentiment becomes more evident through the MACD line’s position above the signal while the histogram expands at this time.