Why do whales sell Bitcoin to switch to FARTCOIN?

Fartcoin (FARTCOIN) is the strongest rising memecoin in the past 24 hours, recording a daily high of $1.26 compared to a low of $1.12.

At one point, the market capitalization of Fartcoin reached 1.25 billion dollars and entered the top 20 memecoins with the largest market cap, according to data from CoinMarketCap.

Wallet 40 million dollars “aggressively collecting” FARTCOIN and HYPE

Most of this price increase comes from strong buying activity by whales.

According to data from Stalkchain, Fartcoin has become the most purchased token by smart wallets, indicating that institutional investors have more confidence in the decentralized exchange (DEX).

Notably, according to data from Onchain Lens, a whale used 40.42 million USDC, of which 8.78 million dollars were used to purchase 7.6 million FARTCOIN at a price of 1.15 dollars per token. The remaining amount was used to buy 715,917 HYPE at a price of 41.16 dollars per token.

Source: Onchain LensThis whale has withdrawn capital from SOL, BTC, and ETH, accepting a loss of $2.17 million to reallocate into memecoins.

Such decisive action — especially after FARTCOIN just dropped 18% earlier — shows confidence in the recovery from the current price range.

Thanks to the strong rise and being on the "radar" of whales, FARTCOIN may be entering a new accumulation phase.

With the support from smart money and the rising trend that is forming, the potential for a rise to the sky in the short term becomes a key factor that both traders and investors are closely monitoring.

Price action in an uptrend channel

Technically, the FARTCOIN/USDT chart is maintaining a clear uptrend in the form of an ascending price channel, with a bounce back from the support area within the range of 1.15–1.2 dollars.

On the daily timeframe, the chart continuously records higher highs and higher lows, reinforcing the bullish trend.

However, the resistance zone of 1.6–1.7 dollars remains a significant barrier. If FARTCOIN can close a candle above this zone, the price will extend its rise to the sky to the 2.16 dollar area, where the upper trend line converges with the next supply cluster.

Source: Trading ViewConversely, if FARTCOIN cannot break through the supply zone of 1.6–1.7 dollars, the price may adjust back to the support area of 1.15–1.2 dollars or even lower.

If the price breaks below this support area, the foundation of the upward channel around the $1 mark or the broader demand area around the $0.8 level will become the new focal point of the market.

So far, the bulls have maintained control as the price remains above the trend line, but in order to continue rising, FARTCOIN needs a clear breakout above the $1.5 mark with strong trading volume supporting it.

Before that happens, it is highly likely that the price will continue to consolidate within the current range.

Minh Anh