Fartcoin Slides 10% In A Day: What Is Going On?

Despite a 10% drop in a single day, traders remain bullish on Fartcoin (CRYPTO: FARTCOIN), citing strong liquidity zones and tightening meme coin narratives as signs of potential upside.

What Happened: On-chain tracker Stalkchain flagged a wallet that invested $2.25 million in Fartcoin over five months.

Its largest buy, 1.5 million FARTCOIN for $1.29 million, occurred on Dec. 16.

The wallet has since sold 1.14 million tokens for $1.2 million and previously realized $942,000 from earlier sales.

If the current sale executes fully, total returns will sit just shy of breakeven at $2.14 million.

Despite the volatile journey, the …

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