Fartcoin is having a rough time – and it’s not just retail holders who are taking profits.
In the past few days, two major whales have dumped millions worth of $FARTCOIN, locking in profits while the price has dipped hard. The latest move? A whale sold 3 million FARTCOIN for $3.65 million USDC at a price of $1.29. Interestingly, this same whale is still holding 1.89 million tokens, currently valued around $2.19 million.
After 3 days of silence, this newly created wallet received 12,749 $ETH, worth $49.25M, from #FalconX.
Now, the wallet holds 80,174 $ETH, valued at $302.72M.
Address: 0x286f3e05f18a515f8F461f2DBEb0f4abe482aEa4 pic.twitter.com/I2GiQCZN2A
— Onchain Lens (@OnchainLens) July 29, 2025
This follows an earlier move spotted by Onchain Lens, where another whale withdrew 1.96 million FARTCOIN from Kraken and immediately sold it for $2.72 million USDC. That sell happened at a slightly higher average price of $1.39.
And now, the result is obvious:
Fartcoin is down 15% in the last 24 hours, currently trading near $1.18 – well below its local high of $1.67 earlier this month.
Are We Looking at a Local Top?
It’s too early to say for sure, but this flurry of whale exits is raising eyebrows. When large holders begin offloading at these levels – especially in coordinated chunks – it often signals short-term exhaustion or at least the need for consolidation.
Retail traders seem to be following suit, and momentum is definitely cooling down.
Read also: Cardano Founder Confirms XRP Holders Will Receive Massive Airdrop
What’s Next for Fartcoin?
While short-term price action looks weak, not everyone is giving up. CaptainAltcoin’s founder, a long-time believer in Solana meme coins, still sees Fartcoin as a top conviction play for this bull run. But even he admits the recent dip has been painful and “not playing out so well” for now.
There’s still strong long-term interest in Fartcoin’s unique branding and ecosystem, but traders might want to tread carefully in the coming days.
Read also: How Much Could Shiba Inu (SHIB) Be Worth if It Grows 3x Faster Than Dogecoin Next Cycle
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
