- A Fartcoin whale lost $297K after buying 2.22M tokens at $0.89 as the price plunged 13.91% to $0.75736 within 24 hours.
- Despite high trading volume and strong liquidity, Fartcoin dropped sharply from $0.94 to $0.75, highlighting extreme volatility.
- GMGN.AI flags a 100% rug probability for Fartcoin as all 172 risk indicators trigger, despite full audits and active market participation.
According to Lookonchain, a Fartcoin whale has taken another hit, losing $297K after investing $1.98 million worth of SOL into the volatile token. The investor previously lost $701K on the same asset. This time, the whale purchased 2.22 million Fartcoin at an average price of $0.89. However, the token quickly dropped to $0.75736. The 24-hour loss stands at 13.91%, deepening the whale’s negative position. Despite capital inflows, Fartcoin’s price has shown erratic behavior, leaving large investors exposed.
Volatility Dominates Recent Price Action
Fartcoin on 4-hour timeframe on the GMGN.AI platform highlights highly unstable price action. From late March into early April, the token surged from lower levels and reached a peak around $0.94. A “Buy” signal emerged on March 23, sparking bullish momentum. Volume increased moderately, which supported the rise.
However, the rally stalled after reaching near $0.90. A sharp reversal followed, triggering a short-term retracement. On April 6, a “Sell” signal appeared, coinciding with the beginning of a consolidation phase. Momentum began to wane. Yet the bulls returned around April 9, pushing prices upward again. A second “Buy” signal confirmed renewed strength before a sudden collapse occurred.
Price Dips Despite High Volume and Liquidity
The recent crash dragged the price from $0.94 to $0.75, showing a steep and rapid drop. This decline happened alongside heavy trading activity, with 24-hour volume hitting $128.6 million. Liquidity sits at $18.9 million, while the market cap is valued at $757.36 million.
Moreover, Fartcoin’s liquidity-to-initial ratio stands at 20.69%. The Fartcoin-SOL pool holds 12.5 million tokens and 70.08K SOL. These numbers show strong market engagement, yet they failed to prevent the sell-off.
Rug Risk Remains a Concern
Despite all four audit checks being complete, GMGN.AI lists a 100% rug probability for Fartcoin. All 172 risk indicators have been triggered. Additionally, the top 10 holders control 13.11% of the supply, and the token has 14.23K holders.
Short-term indicators continue flashing red. The token fell 1.73% over 5 minutes, 2.93% in an hour, and 13.8% over 24 hours. Hence, despite recent bullish waves, downside risks still dominate Fartcoin’s near-term outlook.
