- Dormant Fartcoin whale stirs market by offloading $1M while holding 3.4M tokens
- Whale sell-offs suggest a shift as profit-taking becomes more strategic than random
- Fartcoin stalls below $1.17 resistance as RSI nears overbought and volume drops 17.76%
A Fartcoin whale, long dormant since acquiring a significant position months ago, has ignited market waves by finally offloading a large chunk of holdings. After holding Fartcoin for five months, this investor has begun taking profits. This move has raised eyebrows across the crypto space.
According to Lookonchain data, his initial investment of 895,151 USDC for 4.36 million Fartcoin now appears to have paid off handsomely. At Fartcoin’s peak valuation, his holdings were worth $10.8 million. As of today, the whale has sold over 955,000 tokens for around $1.05 each, netting approximately $1 million while still holding 3.4 million tokens.
After holding $Fartcoin for 5 months, this whale finally started taking profits.
— Lookonchain (@lookonchain) April 24, 2025
5 months ago, he spent 895,151 $USDC to buy 4.36M $Fartcoin($10.8M at the peak) at an average price of $0.205.
7 hours ago, he sold 955,589 $Fartcoin($1M) at $1.05, and still held 3.4M… pic.twitter.com/ccRvgYGZG3
Whale Activity Shakes Market Stability
Whale movements often serve as early warnings for retail investors. In this case, they may signal an impending trend shift. Another major wallet, as reported by Arkham, followed a similar playbook. This second whale began acquiring Fartcoin roughly two months ago, spending around $2.4 million at an average price between $0.20 and $0.30.
ARKHAM ALERT: FARTCOIN WHALE JUST SOLD $5M FARTCOIN
— Arkham (@arkham) April 23, 2025
Beginning around 2 months ago, a whale bought $2.4M of FARTCOIN between $0.20 and $0.30.
This morning, his FARTCOIN was worth $10.4M – and he sold off $4.7M FARTCOIN at an average price of $1.18. He currently holds $5.57M… pic.twitter.com/IYn4CWNuB7
Fast-forward to this morning, his Fartcoin holdings reached a valuation of $10.4 million. Acting quickly, he offloaded approximately $4.7 million worth of tokens at an average price of $1.18. He now retains $5.57 million in Fartcoin and holds an additional $5.14 million in USDC, suggesting that profit-taking is becoming more strategic than random.
Technical Signals Hint at Weakening Momentum
Fartcoin is now trading at $1.06, down 9.48% over the past 24 hours. The volume is also declining, with a 24-hour turnover of $356.78 million a 17.76% drop. This shows decreasing interest as the price continues to slip.
Resistance is mounting at key levels. The price failed twice to break through the $1.17 ceiling. Additional resistance at $1.12 to $1.14 and $1.10 also halted upward momentum during mid-session rallies. Support sits at $1.04, with psychological levels around $1.00 and speculative support at $0.98 potentially becoming relevant soon.
Technical indicators show mixed signals. The MACD remains slightly bullish with a positive histogram, but momentum appears to be slowing. The RSI stands at 65.46, just under the overbought threshold, hinting at a possible cooling-off period.
