Fartcoin Whales Offload Tokens: Will the Rally Sustain?

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Coinspeaker
Fartcoin Whales Offload Tokens: Will the Rally Sustain?

After a 75% rally last week, Fartcoin’s upward trajectory appears to be slowing down now. The Solana-based meme coin is currently trading at $0.83, down about 2% over the past 24 hours. This follows a series of exits by whales who cashed out massive gains.

This has raised concerns among investors about whether the token’s value has already peaked.

Blockchain analytics firm Nansen reports that the top five Fartcoin wallets collectively booked over $8.9 million in profits in recent days.

The top 5 FARTCOIN addresses have collectively realized over $8.9M in profit.

One address walked away with $1.88M and is now out.

Another is still holding $4.15M in unrealized gains. pic.twitter.com/Eg4eOOtRJe

— Nansen 🧭 (@nansen_ai) April 14, 2025

One of those wallets liquidated its entire position, walking away with $1.88 million, while another is still holding strong with $4.15 million in unrealized gains.

On Sunday, a whale dumped $4.29 million worth of Fartcoin, when the token was around $0.90.

Massive Sell-Off: $FARTCOIN Whale Offloads $4.29M Bag at $0.90!#FARTCOIN $BTC pic.twitter.com/SOjhJEwZfw

— Crypto Patel (@CryptoPatel) April 13, 2025

On the same day, another investor offloaded 1.56 million Fartcoins, worth $1.26 million. These sell-offs erased around $150 million from the token’s market cap, which currently sits around $850 million.

A whale sold 1.56M $Fartcoin($1.26M) to buy 11.62M $RFC 30 minutes ago, causing $RFC's market cap to surge to over $100M.https://t.co/MFyeMe4Pbp pic.twitter.com/KgkKnhcAzd

— Lookonchain (@lookonchain) April 13, 2025

Despite this, Fartcoin had contributed 5.43% of the total on-chain meme coin trading volume on Solana on Sunday, according to Bizzy.

Fartcoin volume was 5.43% of the total onchain volume of memecoins on Solana today.

Hot air rises 💨 pic.twitter.com/LzSaHKTJbZ

— bizzy (@0xBiZzy) April 13, 2025

CoinMarketCap’s sentiment indicator reveals that 71% of investors are still bullish on Fartcoin’s future trajectory.

FARTCOIN’s Price Outlook

On the daily FARCOIN price chart, the RSI is at 66, hovering just below overbought territory, indicating potentially waning momentum.

Fartcoin’s price chart. Souce: TradingView.com

Meanwhile, the Bollinger Bands are widening with the price currently trading near the upper band, a zone often associated with short-term resistance. A breakout above $0.88 could confirm bullish continuation to $1.

On the other hand, the middle band (20-day SMA) near $0.58 serves as the key support. If the price slips downwards, it could result in a deeper correction toward $0.45.

Meanwhile, on the hourly chart, the meme coin is trading within a falling wedge, a bullish reversal pattern. The token has already bounced off its moving average support.

Fartcoin’s price chart. Source: TradingView.com

If the token manages to breakout above $0.86, it could move towards the psychological $1 mark. However, failure to hold the wedge could retest the $0.78 level.

Technical analyst BTCmask noted that Fartcoin recently executed a clean support-resistance flip at the $0.80 level. “In my view, this uptrend’s far from over — still plenty of gas left in the tank,” he wrote on X.