In the past three months, FARTCOIN has fallen from $1 to below $0.3, and retail investors are generally panic selling, while whales have quietly increased their holdings. In the last week of November, this meme coin on Solana unexpectedly rebounded, rising nearly 100%, soaring from below $0.2 to $0.34, almost doubling from the monthly low of $0.18.
On-chain data shows that this wave of rise is not coincidental. The Nansen report indicates that the total amount of the top 100 FARTCOIN holding wallets has reached 689.62 million coins, accounting for about 69% of the total supply, with a growth of over 55% in the past 90 days. Since late August, Whales have increased their holdings by over 230 million coins, decisively buying even when prices fall, demonstrating a typical 'smart money' strategy.
Solscan data shows that trading activity in November was exceptionally vigorous, with daily token transfers exceeding 238,000 transactions and a total amount over 92 million USD. DEX trading volume also surged significantly, especially in the last week where buying and selling were active, indicating that low-level liquidity has recovered and genuine buying demand is accumulating.
In addition, the overall market sentiment for Solana also provides support. The SOL ETF has seen inflows for 21 consecutive days, and when SOL holders are unwilling to sell but seek profits, funds typically flow into higher liquidity meme coins within the ecosystem, with FARTCOIN being one of the biggest beneficiaries. On-chain signals show that whales and smart money have been buying heavily below $1. Technical analysts point out that if it breaks out of the descending wedge since July, the trend is likely to reverse.
Investor Unipcs stated: “FARTCOIN once fell from $1.6 to $0.2, but it rose just as rapidly.” As one of the most liquid meme coins in the Solana ecosystem, FARTCOIN is expected to continue its upward movement as long as the SOL market sentiment remains positive. However, the top wallets holding a large supply still pose a risk. If the Whale chooses to take profits, the price may face strong downward pressure. (BeinCrypto)
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