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FARTCOIN Rebounds 100% After Crash — Are Whales Preparing the Next Big Move?

BeInCrypto
FARTCOIN surged nearly 100% after a major crash, driven by significant accumulation from whale wallets.

Summary

FARTCOIN experienced a nearly 100% rebound in the final week of November, recovering from a three-month plunge that saw it drop from $1 to below $0.3, with data showing whales accumulated over 230 million tokens during the decline. On-chain metrics from Nansen indicate that the top 100 wallets now hold nearly 69% of the total supply, suggesting smart money bought during peak fear. Trading activity on Solscan also surged, with high transfer volumes and DEX volume indicating returning liquidity. This rally is further supported by positive sentiment around Solana (SOL) ETFs, often leading investors to rotate into ecosystem meme coins like FARTCOIN. While on-chain signals suggest accumulation below $1 and technical analysis points toward a potential trend reversal, the heavy concentration of supply among whales remains a risk if they decide to sell.

(Source:BeInCrypto)