Whale Sells FARTCOIN: Short-Term Risks Amid Meme Craze
A certain whale sold 1.459 million FARTCOIN at an average price of $1.07, totaling approximately $1.57 million with 10,509 units of $SOL , with funds transferred to Binance. This action exposes the sentiment-driven nature of Meme coins, as the whale cashes out at the resistance level of $1.07, possibly signaling a peak in popularity.
The scale of the sale accounts for 0.3% of the circulating supply, and the funds were not converted to stablecoins but transferred to an exchange, suggesting potential cross-market positioning.
The volatility of $MEME often exceeds 50%, and it is recommended to keep position sizes within 5%; if the 72-hour trading volume falls below $100 million, be wary of a death spiral.
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