Whale Sells $64.8M, Pushing FARTCOIN Down 15% Amid Broad Memecoin Liquidations
FARTCOIN plunged about 15% in 24 hours after concentrated selling and large liquidations across the memecoin market. Data show $64.87 million was sold by large holders (whales), while total 24‑hour trading volume was roughly $16.8 million with most trades on the Pump.fun ecosystem skewed to the sell side. Smart‑money flows indicated about $100K exited FARTCOIN, and long liquidations totaled roughly $2.3 million in one day (over 10x the size of shorts), contributing to more than $5 million liquidated across two days. Open Interest across top exchanges fell double digits on average, with some venues down over 25%, signaling waning futures interest. On‑chain and chart indicators placed FARTCOIN in a descending channel, supported by Volume Channel Flow; price showed a short retracement toward channel resistance but risks a breakdown below support remain. The move mirrors broader memecoin weakness during Bitcoin’s overnight $10K sell‑off and reflects synchronized selling pressure from whales and leveraged traders.
Bearish
The news signals clear bearish pressure for FARTCOIN and memecoins more broadly. Key drivers: a $64.87M whale sell-off, concentrated sell-side volume on Pump.fun, large long liquidations (~$2.3M in 24h) and falling Open Interest across exchanges (average double-digit declines). Together these indicate deleveraging, reduced speculative demand, and active distribution by large holders. Historically, similar coordinated whale selling plus mass long liquidations (e.g., memecoin crashes during BTC drawdowns in 2021–2022) have led to extended downside and elevated volatility before any sustained recovery. Short‑term impact: increased selling pressure, likely lower prices and higher volatility as stop-losses cascade and liquidity thins. Traders should expect continued downside risk until whales cease selling and OI stabilizes. Long‑term impact: if selling is temporary and market liquidity returns, FARTCOIN could consolidate or recover; if whales persist or market sentiment remains weak, the token may form lower structural lows. Risk management: reduce leveraged long exposure, monitor whale wallets, OI trends, and liquidation heatmaps for signs of capitulation or stabilization.