🚨 Fartcoin Fiasco: Whales Jump Ship! 🚨

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So, You Want to Know About Fartcoin?

Well, let me tell you – it’s not looking great. Whales are dumping their holdings like they’re, well, hot potatoes. And retail traders are following suit. It’s like a big game of musical chairs, but instead of chairs, it’s a sinking ship. 🚢

Last week, Fartcoin tried to make a comeback, but it was rejected like a bad Tinder date. The price has been going down for six days straight, and it’s now at a local low of $1.04. Yikes! 😬

The bulls are losing control, and it’s time to analyze what’s going on. Because, let’s be real, someone’s gotta make sense of this mess. 🤔

Whales Say Goodbye to Fartcoin

It’s no surprise that the big players are panicking. I mean, who wouldn’t be? 🤷‍♀️

According to Lookonchain, one whale spent 4.53 million USDC on Fartcoin just three days ago, only to dump it all for a loss of $631,000. Ouch! 😳

Another whale sold off 1.59 million Fartcoin for $1.71 million and then invested in some new memecoins. Because, why not? 🤷‍♀️

This whale bought 954,625 SPX6900 (SPX) for $1.26 million, 9.64 million Bonk (BONK) for $216K, and 13,759,783 Pudgy Penguins (PENGU) for $209k. It’s like they’re trying to collect them all! 🎉

This is a clear sign that whales don’t trust Fartcoin’s short-term potential. And honestly, who can blame them? 🤷‍♀️

Retail Traders Follow Suit

It’s not just the whales who are jumping ship. According to Coinalyze, Fartcoin has had a negative Buy-Sell Delta for six consecutive days. 📉

At the time of writing, the Buy Volume is at $2.2 million, while the Sell Volume is at $2.35 million. This means there’s a negative Delta of $129k, which is not great. 😬

Santiment data shows that the Weighted Sentiment around Fartcoin has been negative for five days straight. It’s like everyone’s lost faith in this memecoin. 😔

Is Fartcoin Doomed?

According to AMBCrypto’s analysis, Fartcoin is facing strong selling pressure from both whales and retail investors. 🚨

The Relative Vigour Index is declining, and the Signal Line is rising, which means there’s downward momentum. 📉

The Directional Movement Index (DMI) shows that the Positive Index (+DI) is below the neutral threshold, which is not great. 😬

If sellers keep control, Fartcoin might break the $1.00 support and fall to $0.938. But if bulls come back, it could bounce back to $1.20. 🤞

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2025-07-10 03:07