Whale Selloff Blasts FARTCOIN: A Memecoin’s Wild Ride

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The memecoin circus is collapsing in tandem with the wider crypto carnival. Even the heavyweight memes are feeling the pinch after overnight liquidations that sent Bitcoin losing more than $10K in value, which sounds like a terrible high-stakes garage sale.

FARTCOIN [FARTCOIN], one of the top-capped memecoins, slid about 15% in the past 24 hours. The decline was plainly visible on the price charts and in the trading chatter, as if the market had decided to air its dirty laundry in public.

Why is FARTCOIN price crashing?

Two or three tidy reasons. While FARTCOIN commanded the highest volume on the Pump.fun [PUMP] ecosystem, the ledger of truth was less cheerful: a big chunk of the $16.8 million traded came from sellers.

This tale is supported by data indicating that FARTCOIN was the most sold token by the smart money traders. According to Stalkchain, about $100K in capital from these traders exited the memecoin, outpacing other Solana-based memecoins.

Moreover, the number of long liquidations was rising, speeding up the selling pressure. In the past 24 hours, traders liquidated about $2.3 million in longs, which is more than 10x the size of shorts.

This brought the total to more than $5 million in two days. Lookonchain data showed another liquidation in Dogecoin [DOGE] and dogwifhat [WIF], signaling the wider memecoin market weakness.

That wasn’t all, as Open Interest (OI) across the top 10 exchanges was declining too. CoinGlass data showed OI dropping on average in the double digits, with some scenarios exceeding 25% at the time of writing.

Only Bitget bucked the trend with a modest 1.42% drop. The list also included DEXs, hinting at a synchronized global loss of interest in the memecoin.

Whales add more weight to the price decline!

The numbers on the charts painted a clearer picture. FARTCOIN was trading in a descending trend channel, propped up by a Volume Channel Flow indicator.

FARTCOIN’s price has been forming lower structural points. Large holders (whales) have intensified the decline by selling roughly $64.87 million, a capital outflow similar to that seen on January 31.

As of writing, the price looked to be nudging toward the channel’s upper resistance, hinting at a potential short-term retracement to the upside. That said, the risk of a breakdown below the lower support level remains an unwelcome possibility.

All of this, of course, means the memecoin was merely following the market’s mood. When the going gets tough, memecoins tend to take the heavy lift and pretend they’re not lightweights.

Final Thoughts

  • FARTCOIN crashes about 15% amid massive liquidations and intense selling pressure.
  • Whales are contributing to the price decline, but there might be a pause in bearishness before the next act.

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2026-02-07 07:03