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Fartcoin (FART) has captured attention in the crypto world over the past 24 hours, surging 12.1% while the broader crypto market gained only 0.5%.

The rally follows a 17.9% weekly increase, though the token remains 24.7% below its 30-day highs.

Whales’ bet on Fartcoin

One of the biggest drivers behind Fartcoin’s recent surge is large-scale whale activity.

On-chain data indicates that top wallets have accumulated more than 100 million FARTCOIN (valued at roughly $30 million) since late October, according to Nansen.

This surge in accumulation coincides with a 25% rise in exchange inflows, a pattern that points to strategic buying during market dips rather than opportunistic selling.

This trend carries meaningful implications for market dynamics.

Whale accumulation typically reduces sell-side pressure and has historically preceded price rallies in low-float meme coins.

In addition, the expanding community, now exceeding 165,000 holders, adds a layer of retail-driven stability, helping the asset better absorb volatility while maintaining momentum during periods of heightened trading activity.

However, caution remains since the top 100 Fartcoin addresses control 40% of the circulating FART supply, and any large sell-off could quickly reverse the current gains.

Solana meme coin buzz

Fartcoin’s rally is also tied to broader sentiment in the meme coin sector.

Despite extreme fear gripping the overall crypto market, Fartcoin has moved in line with other Solana-based memes such as BONK and WIF.

Notably, traders are increasingly chasing high-beta tokens, particularly as the Bitcoin (BTC) dominance dips, creating opportunities for tokens like Fartcoin to outperform.

This surge amid fear cycles highlights how memecoins can attract investors looking for asymmetric gains.

However, underlying market conditions present risks. Stablecoin inflows have declined by over 10% monthly according to CryptoQuant, and recent $1.7 billion BTC liquidations add fragility to the market.

In addition, Fartcoin’s turnover ratio of 0.63 indicates that while interest is high, price swings could be dramatic and sudden.

Fartcoin price outlook

Technically, Fartcoin has climbed to the top of a multi-month descending channel that has historically acted as a strong resistance level.

(Click on image to enlarge)

FARTCOIN price analysis | Source: TradingView

Looking at the short-term indicators, they suggest a neutral-to-bullish bias.

Fartcoin’s price has reclaimed its seven-day EMA at $0.249, the RSI sits at 51.75, and the MACD histogram, while positive, still sits close to the middle line, with the MACD line and signal line still below zero.

If Fartcoin breaks above the descending channel, it could open the path toward $0.35 or even $0.40.

Conversely, another rejection at this resistance would likely trigger a pullback into the channel, making the next move critical in defining the short-term trend.

Moving forward, eyes are on whether trading volumes can sustain above $150 million per day and whether whale positions remain open on HyperLiquid.

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