Fartcoin Surpasses $1 Mark as Whales Accumulate 6.25M Tokens

• Fartcoin whales accumulated around 6.25 million tokens in the last 24 hours. 
• FARTCOIN market price surpassed the $1 mark following large volumes of whale accumulation. 

Fartcoin has been making rounds across crypto media for the past few weeks with its exceptional market performance. The memecoin has a huge following in the crypto community and marks significant price surges every now and then irrespective of the crypto market conditions. 

In the last 24 hours, several whales bought large volumes of FARTCOIN as the crypto market started to recover from Trump’s tariff blow. Bitcoin is trading above the $88K price level, and Ether is staying above the $1,500 price range. As the broader crypto market sentiment is turning positive, Fartcoin is also witnessing increasing investor confidence with whale accumulation. 

As per on-chain analytics platform Lookonchain, 3 separate whales accumulated large volumes of FARTCOIN in the last 24 hours. Whale “CTRWQ3” spent $3.07 million USDC to buy 3.36 million FARTCOIN. Other whales, “Gti2oW” and “FUTwwa” spent $1.48M and $1.13M to buy 1.63 million and 1.26 million FARTCOIN tokens. 

FARTCOIN Surpassed $1 Mark Following 18% Surge

Fartcoin is trading at $1.06 at press time, with a 17.46% surge. Its market cap is standing at $1.06 billion with over 17% increase. The 90% increase in its 24-hour trading volume reflects increasing investor sentiment and trading activity. Fartcoin’s volume to market cap ratio, 32.78%, demonstrates its robust liquidity in the market. 

Even though Fartcoin market price witnessed price surges multiple times in the past few weeks, the token price surpassed the $1 mark after more than 2 months. The token is recording 107% monthly surge and 15% weekly surge so far. However, Fartcoin technical analysis shows bearish signals. 

Technical indicator RSI records 67, as per TradingView, which indicates an overbrought condition. These types of market conditions usually followed by price corrections. Fartcoin price might find it difficult to maintain the price above the $1 for a long time. 

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