What's Causing the Decline in FARTCOIN's Value Today and Are More Losses on the Horizon?

Whale activity has caused a marked market reaction and a significant price drop in FARTCOIN, which is currently consolidating near the key support of $1.087. It was noted that a whale wallet sold 1.459 million FARTCOIN for $1.57 million, resulting in a profit of $963,000, after which the tokens were promptly deposited into Binance.

This massive transaction coincided with a pullback in FARTCOIN's price. Technical indicators, including the Relative Strength Index and the MACD, currently show neutral signals. Meanwhile, FARTCOIN futures open interest has risen to $755.84M and trading volume spiked by 51.92%. The increase in open interest and stable price might indicate an impending move.