A massive whale dump has sent shockwaves through the FARTCOIN market, with a single investor offloading over 3 million tokens worth $3.65 million and triggering a brutal 20% price collapse. The memecoin’s dreams of reaching the psychological $2 mark now hang in the balance as traders scramble to assess the damage.
On-chain analytics from Solscan exposed the whale’s strategy, showing how the trader behind Solana address “24BLFj” had methodically built up a position of 8.89 million FARTCOIN tokens. The investor paid $2.31 million for this stash between February 26 and March 21, averaging out to $0.26 per token.
The gamble paid off handsomely, with the position ballooning by 349% and allowing the whale to pocket a staggering $8.07 million in profits. Even after the massive selloff, this savvy trader still holds 1.89 million FARTCOIN tokens valued at $2.16 million, plus positions in other Solana memecoins like Housecoin and a hefty $7 million war chest in USDC stablecoins.
Market Dynamics Shift as FARTCOIN Loses Its Crown
The price implosion has knocked FARTCOIN off its throne as Solana’s premier memecoin, with BONK swooping in to reclaim the top spot. The token now sits in fourth place among Solana memecoins, trailing behind PENGU and TRUMP in the pecking order.
Trading at $1.09, FARTCOIN has hemorrhaged over 29% of its value in just seven days and now faces the nerve-wracking prospect of crashing through the critical $1.00 support level. The carnage has been particularly brutal for leveraged traders, with $12.4 million in long positions getting liquidated over the past 24 hours—the second-highest liquidation volume in the memecoin space during that timeframe.
Damn that fartcoin whale that bought up 2.5% of Whites coin supply a few days ago was up more than $50,000 at ATH and never sold
Still holding… now down $6k
Fuck you money on display pic.twitter.com/ws4GgisdZO
— Sid Hatrack (@Finessethemall) July 29, 2025
Yet some traders see opportunity in the chaos. Market sentiment data from Coinvo reveals that despite the bloodbath, FARTCOIN maintains a surprisingly strong 77% buyer ratio. For investors who watched enviously as the token rocketed 400% from its April lows, this pullback might represent a second chance to get in.
Memecoin trader “Bmerke” pointed out an intriguing pattern, noting that FARTCOIN traded at similar levels during the last two FOMC meetings on May 6 and June 18. Both times, the token surged to fresh all-time highs shortly afterward. The trader boldly predicted that panic sellers would be forced to buy back their positions at higher prices before the weekend rolls around.
Smart Money Maintains Faith Despite Market Turmoil
While retail traders panic, sophisticated investors appear unfazed by the volatility. Nansen’s AI wallet tracker reveals that FARTCOIN remains the top choice among smart money players, with 24 high-conviction wallets holding $19.03 million worth of the token. This dwarfs their positions in established favorites like PEPE ($5.75 million) and BONK ($2.27 million).
From a technical perspective, crypto analyst Jireon0X observed that FARTCOIN is “coiling tightly within an ascending triangle formation,” maintaining crucial trendline support after what he characterized as a healthy pullback. His analysis suggests the $1.10 support level represents a critical line in the sand—holding here could spark a rebound toward $1.50, while a convincing break above $1.62 might finally propel the token toward that elusive $2 target.
The four-hour chart tells a more nuanced story. FARTCOIN had been climbing steadily within an ascending channel pattern from late June through mid-July, bounded by parallel trendlines. However, the recent selloff has shattered this bullish structure, with prices now testing the previous consolidation zone between $0.87 and $1.00.
The Relative Strength Index has plunged to 27.14, deep into oversold territory. While this signals intense bearish pressure, it also hints that sellers might be running out of steam. Traders are watching the $1.00 to $1.10 zone closely—if this level holds, a relief rally could target the $1.40 resistance area. A stronger recovery might even challenge the $1.543 level. However, losing the $1.00 support could open the floodgates for a deeper slide toward $0.87, potentially derailing any near-term recovery hopes.
Market Ripple Effects
The whale-induced FARTCOIN crash could dampen risk appetite across the broader memecoin sector, potentially triggering profit-taking in other speculative tokens. With negative sentiment weighing on the market, traders may adopt a more cautious stance toward volatile altcoins in the near term.
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