Fartcoin Jumps 4% While Dogecoin, Shiba Inu Fall — ‘Outperformance Is Undeniable,’ Says Trader
Fartcoin (CRYPTO: FARTCOIN) has defied the broader market downturn with a 4% gain today, outperforming major meme coins like Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB).
What Happened: Prominent trader Unipcs revealed an unrealized PnL of $4.49 million on his Fartcoin holdings, down $1.17 million in three days and $2.64 million in three weeks.
Despite the sharp drawdown, Unipcs remains committed, arguing that Fartcoin is oversold and bearish sentiment is overstretched.
The trader highlighted the emotional and financial volatility behind big PnLs and emphasized the importance of conviction in sticking to a thesis despite drawdowns.
He also pointed out the timing of Coinbase’s listing announcement, which he believes could be a catalyst, with …
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