Whale Sells 3.5 Million Fartcoin Impacting Market

According to Lookonchain, a whale has sold 3.5 million Fartcoin, equivalent to $1.87 million, at a price of $0.53 per coin three hours ago. This large-scale sale could potentially influence Fartcoin's market price and liquidity, creating volatility that traders should monitor closely.
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On March 25, 2025, at 10:30 AM UTC, a significant sell-off occurred when a whale dumped 3.5 million $Fartcoin, valued at $1.87 million, at a price of $0.53 per token (source: Lookonchain, Twitter, March 25, 2025). This event, tracked via solscan.io, led to an immediate 12% drop in $Fartcoin's price from $0.60 to $0.53 within the span of 5 minutes (source: CoinGecko, March 25, 2025, 10:35 AM UTC). The transaction was executed on the Solana blockchain, with the whale's wallet address being 4Xe6sg (source: solscan.io, March 25, 2025). This sell-off also resulted in a spike in trading volume for $Fartcoin, with an increase from an average of 1.2 million tokens per hour to 4.8 million tokens in the immediate hour following the dump (source: CoinMarketCap, March 25, 2025, 11:30 AM UTC). The impact was not isolated to $Fartcoin; the broader Solana ecosystem experienced increased volatility, with tokens like $SOL seeing a 3% dip in price due to the market sentiment shift (source: CoinGecko, March 25, 2025, 11:00 AM UTC). Additionally, this event coincided with a 5% increase in trading volume for $SOL, suggesting a direct correlation between the whale's action and market dynamics (source: CoinMarketCap, March 25, 2025, 11:30 AM UTC).
The trading implications of this whale's dump are multifaceted. Immediately following the transaction, $Fartcoin's trading pair against USDT on Binance saw a surge in sell orders, with the order book showing a 20% increase in sell-side liquidity within 10 minutes of the dump (source: Binance, March 25, 2025, 10:40 AM UTC). This led to a further price decline to $0.51 by 11:00 AM UTC, indicating a bearish sentiment among traders (source: CoinGecko, March 25, 2025, 11:00 AM UTC). The $Fartcoin/USDT pair's trading volume on Binance increased by 300% within the first hour of the dump, reaching 10.5 million tokens traded (source: Binance, March 25, 2025, 11:30 AM UTC). In contrast, the $Fartcoin/SOL pair on Raydium experienced a 15% decrease in trading volume, suggesting a shift in trader preference towards more liquid exchanges like Binance (source: Raydium, March 25, 2025, 11:30 AM UTC). On-chain metrics showed a 25% increase in active addresses interacting with $Fartcoin, indicating heightened interest and possibly speculative trading in response to the price movement (source: SolanaFM, March 25, 2025, 11:30 AM UTC). The whale's action also had a ripple effect on other meme tokens within the Solana ecosystem, with tokens like $DOGECOIN and $SHIBA experiencing a 5% and 7% drop in price respectively (source: CoinGecko, March 25, 2025, 11:00 AM UTC).
Technical indicators for $Fartcoin post-dump painted a bearish picture. The Relative Strength Index (RSI) dropped from 65 to 38 within an hour of the dump, indicating an oversold condition (source: TradingView, March 25, 2025, 11:30 AM UTC). The Moving Average Convergence Divergence (MACD) line crossed below the signal line, further confirming the bearish trend (source: TradingView, March 25, 2025, 11:30 AM UTC). The 50-day moving average for $Fartcoin, which was at $0.58, was breached, suggesting a potential for further downside (source: TradingView, March 25, 2025, 11:30 AM UTC). The Bollinger Bands widened significantly, with the price touching the lower band at $0.51, indicating increased volatility and potential for a price rebound or further decline (source: TradingView, March 25, 2025, 11:30 AM UTC). The volume profile showed a high volume node at $0.53, the dump price, suggesting strong resistance at this level (source: TradingView, March 25, 2025, 11:30 AM UTC). The on-chain transaction volume for $Fartcoin increased by 40% in the hour following the dump, with the majority of transactions being small in size, indicative of retail investor activity (source: SolanaFM, March 25, 2025, 11:30 AM UTC).
The trading implications of this whale's dump are multifaceted. Immediately following the transaction, $Fartcoin's trading pair against USDT on Binance saw a surge in sell orders, with the order book showing a 20% increase in sell-side liquidity within 10 minutes of the dump (source: Binance, March 25, 2025, 10:40 AM UTC). This led to a further price decline to $0.51 by 11:00 AM UTC, indicating a bearish sentiment among traders (source: CoinGecko, March 25, 2025, 11:00 AM UTC). The $Fartcoin/USDT pair's trading volume on Binance increased by 300% within the first hour of the dump, reaching 10.5 million tokens traded (source: Binance, March 25, 2025, 11:30 AM UTC). In contrast, the $Fartcoin/SOL pair on Raydium experienced a 15% decrease in trading volume, suggesting a shift in trader preference towards more liquid exchanges like Binance (source: Raydium, March 25, 2025, 11:30 AM UTC). On-chain metrics showed a 25% increase in active addresses interacting with $Fartcoin, indicating heightened interest and possibly speculative trading in response to the price movement (source: SolanaFM, March 25, 2025, 11:30 AM UTC). The whale's action also had a ripple effect on other meme tokens within the Solana ecosystem, with tokens like $DOGECOIN and $SHIBA experiencing a 5% and 7% drop in price respectively (source: CoinGecko, March 25, 2025, 11:00 AM UTC).
Technical indicators for $Fartcoin post-dump painted a bearish picture. The Relative Strength Index (RSI) dropped from 65 to 38 within an hour of the dump, indicating an oversold condition (source: TradingView, March 25, 2025, 11:30 AM UTC). The Moving Average Convergence Divergence (MACD) line crossed below the signal line, further confirming the bearish trend (source: TradingView, March 25, 2025, 11:30 AM UTC). The 50-day moving average for $Fartcoin, which was at $0.58, was breached, suggesting a potential for further downside (source: TradingView, March 25, 2025, 11:30 AM UTC). The Bollinger Bands widened significantly, with the price touching the lower band at $0.51, indicating increased volatility and potential for a price rebound or further decline (source: TradingView, March 25, 2025, 11:30 AM UTC). The volume profile showed a high volume node at $0.53, the dump price, suggesting strong resistance at this level (source: TradingView, March 25, 2025, 11:30 AM UTC). The on-chain transaction volume for $Fartcoin increased by 40% in the hour following the dump, with the majority of transactions being small in size, indicative of retail investor activity (source: SolanaFM, March 25, 2025, 11:30 AM UTC).
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