FARTCOIN Rebounds 100% After Crash — Are Whales Preparing the Next Big Move?
Over the final three months, FARTCOIN plunged from $1 to beneath $0.3. Most retail traders panicked and bought off closely, whereas whales quietly collected with conviction.
FARTCOIN has now unexpectedly rebounded almost 100% in the last week of November. The key query is how lengthy this restoration can final.
Whales Accumulate Over 230 Million FARTCOIN as On-Chain Activity Surges
BeInCrypto knowledge exhibits that FARTCOIN surged from beneath $0.2 to $0.34 in the last week of November. From the month-to-month low of $0.18, the Solana meme coin almost doubled.
This rally didn’t occur by probability. On-chain metrics reveal early indicators of accumulation.
Nansen studies that the prime 100 wallets of this Solana meme coin presently maintain 689.62 million FARTCOIN — nearly 69% of the complete provide. The determine has elevated by greater than 55% over the final 90 days.
From late August to the current, whale wallets have bought over 230 million FARTCOIN. Even throughout persistent worth declines, whales continued to purchase as a substitute of promote. This conduct displays a typical smart-money technique: accumulate when worry is at its peak.
Solscan additionally data extraordinarily robust buying and selling exercise all through November. Token transfers reached a month-to-month high, with over 238,000 transfers executed in a single day, value greater than $92 million.
DEX quantity additionally soared — each purchase and promote quantity surged sharply, particularly throughout the last week of November.
These metrics point out that liquidity has returned to FARTCOIN even at low costs. Real shopping for demand seems to be ready aggressively at present ranges.
Another supportive issue comes from Solana’s broader market sentiment. SOL ETFs have recorded 21 consecutive days of positive inflow. When holders desire to not promote SOL however nonetheless search returns, they usually rotate into high-liquidity meme cash inside the ecosystem, and FARTCOIN is amongst the prime beneficiaries.
On-chain indicators point out a constant pattern: whales and good cash are accumulating closely beneath $1. Technical analysts additionally count on a pattern reversal if FARTCOIN breaks out of the descending wedge sample that has endured since July.
“The most up-to-date reminiscence many individuals have of FARTCOIN is the way it relentlessly dumped from $1.6 to $0.2 with out seemingly catching a break. But many have forgotten that it tends to have its pumps in a equally aggressive method,” investor Unipcs said.
As one of the most liquid meme coins in the Solana ecosystem, FARTCOIN is poised to achieve considerably so long as sentiment surrounding SOL stays optimistic.
However, the heavy focus of provide in prime wallets stays a danger. If whales select to take revenue, the worth could face robust downward strain.
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