Background Information: FARTCOIN has recently experienced significant market dynamics changes, with a whale investor selling tokens worth $2.3 million, leading to shaken market confidence and triggering a chain reaction. This whale sold 2.18 million FARTCOIN two months after buying, making a profit of approximately $251,000. This move occurred during a period when investor sentiment was already fragile.

Major Events:
- The listing on Binance.US resulted in a trading volume surge of 66%, reaching $373 million, but investor sentiment quickly turned negative, with the sentiment index dropping to -0.59.
- FARTCOIN's price dropped to around $1.02, falling below the previous support level; although the technical chart still shows a cup and handle pattern, buying pressure has weakened.
- On-chain data indicated a net outflow of $739,000 on June 20, suggesting increased selling pressure and a tendency for investors to liquidate rather than hold.
- Liquidation data shows that longs suffered significant losses, with $103,000 in long liquidations on June 20, compared to only $22,000 for shorts, indicating that longs faced risks by betting on a premature upward movement.

Potential Impact:
- Both market sentiment and capital flow indicate that sellers are in control, and FARTCOIN may face deeper adjustments in the short term.
- If buyers cannot quickly regain control, the price may test lower support levels, further increasing the risk of declines.

Summary: FARTCOIN currently faces whale sell-offs, negative sentiment, and long liquidation pressures; although there is technical support, momentum has weakened, and the short-term market outlook is unclear. Investors need to pay attention to changes in buying and selling power to assess future trends.