Fartcoin Surges 28% as Whales Accumulate—Is a Recovery Underway?

Fartcoin (FARTCOIN) has experienced notable activity over the past week, with its price exhibiting fluctuations. 

As of press time, Fartcoin was priced at $0.818, representing a 28.50% increase in the last 24 hours. However, the price remains down by 7.92% over the past seven days, per Coingecko.

The 24-hour trading volume has surged to $849,827,047, indicating strong market participation. Fartcoin’s market capitalization currently stands at $830,297,665, with a circulating supply of 1 billion coins. 

Over the past 24 hours, the price ranged between $0.5699 and $0.8688, reflecting its ongoing volatility.

Liquidation Trends and Exchange Activity

According to Coinglass data, Fartcoin has seen fluctuations in liquidations across major exchanges like Binance, OKX, and Bybit. On February 3, 2025, Binance recorded $1.2 million in short liquidations and $1.7 million in long liquidations. 

The net liquidation trend has shifted slightly towards long positions, with long liquidations totaling $4.7 million compared to $4.3 million in short liquidations during the same period.

The price of Fartcoin reached a weekly high of $1.26 and an all-time high of $2.48 on January 19, 2025. However, it has since retreated significantly, with recent activity hovering near $0.81. 

Moreover, open interest in Fartcoin futures has dropped by 10.74%, while trading volume has increased by 61.59%, signaling a rise in short-term trading interest.

Whale Accumulation Boosts Optimism

Recent large-scale transactions by high-net-worth investors, often referred to as “whales,” have attracted attention. One wallet reportedly converted 14,779 JITOSOL, valued at $3.66 million, into 5.5 million FARTCOIN. This brought the whale’s total holdings to 8.39 million coins, valued at $5.52 million.

Another whale used a newly created wallet to purchase 2.84 million FARTCOIN for $2.43 million in USDC. These actions have fueled increased activity among smaller investors, who often mirror the trading patterns of larger players.

Technical Analysis Suggests Potential Recovery

Technical indicators show that Fartcoin has rebounded from a recent low of $0.55 and is trading near $0.8071. The Bollinger Bands point to consolidation, with resistance at $0.8665 and support at $0.7080. 

The Relative Strength Index (RSI) is at 58.22, indicating neutral-to-bullish momentum, while the Acceleration/Deceleration Oscillator (AC) is trending upward, suggesting a potential shift in momentum.

Fartcoin’s recovery efforts appear to be driven by whale accumulation, growing market volume, and technical strength, with traders closely monitoring key resistance and support levels.

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