Fartcoin has surged by 12% in the last 24 hours, continuing its impressive upward momentum driven by whale activity. This latest rally follows a 10% jump just the day before, and the memecoin has now experienced a 25.74% rise over the past week. Despite overall dim movements in the broader cryptocurrency market, Fartcoin has become the focus of significant buying pressure from large investors.
Whales have been aggressively accumulating Fartcoin, with one recently spending nearly $1 million to acquire 1.06 million Fartcoin tokens at an average price of $0.944 per token. This comes after another whale purchased $1.89 million worth of Fartcoin, spending 17,516 SOL just last week. This whale has already made a 60% profit in just seven days.
As of now, Fartcoin is trading at $0.9259, having marked a high of $0.9486 in recent hours. With a daily low of $0.803, it continues to show strong growth potential.
Can Fartcoin Break $1 by Sunday?
The ongoing whale accumulation suggests that Fartcoin could continue its bullish trajectory and possibly break the $1 mark by Sunday. The coin is currently just 8% away from this milestone, and with the strong buying pressure, it doesn’t seem unreasonable to expect this target to be hit within the next few days. Fartcoin’s recent 25% surge in the past week indicates it has the volatility needed to reach this milestone quickly.
The continued market interest in memecoins, coupled with large investments from whales, is driving optimism. If these trends persist or retail interest grows, the $1 barrier might not only be tested but could potentially be broken before the weekend. However, as always with memecoins, caution is advised due to their inherent volatility.
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