FARTCOIN rose 21% this week, driven by large-scale buying by whales.
TL;DR
FARTCOIN saw a 21% increase between December 1st and 8th (from $0.3215 to $0.39), far exceeding the 10% increase mentioned by users. The main driver was large-scale accumulation by whales: the top 100 holders increased their holdings by 700.8M tokens (worth approximately $10.7M), a 4.76% increase. Social sentiment was strongly bullish, with many KOLs expressing continued long, and the market maintaining confidence in the continued rise of this Solana meme coin.
Core Analysis
Price performance exceeded expectations
FARTCOIN actually rose 21% between December 1 and 8, significantly higher than the 10% mentioned in the title.
| date | Closing price (USD) | 24-hour trading volume (USD) | Change |
|---|---|---|---|
| December 1 | $0.3215 | $183.6M | benchmark |
| December 2 | $0.3529 | $158.3M | +9.8% |
| December 3 | $0.3487 | $138.1M | -1.2% |
| December 4 | $0.3826 | $232.1M | +9.7% |
| December 5 | $0.3758 | $159.7M | -1.8% |
| December 7 | $0.3693 | $149.3M | -1.7% |
| December 8 | $0.3897-$0.3946 | $185M-$200M | +5.5-6.8% |
- Key Breakout : On December 4, trading volume surged to $232.1 million, and the price broke through the 129-day resistance level, marking a major technical shift.
- Current market capitalization : $389M-$397M, ranked 180th on CoinGecko.
- Token Economics : Total supply of 999,982,311 tokens, nearly 100% in circulation (no unlocking pressure), launched in October 2024 through the pump.fun fair launch mechanism.
whale accumulation behavior analysis
The price surge in early December was driven by large-scale whale accumulation , with data showing multi-level funding entering the market:
Top 100 holders (Super Whale)
- Increase in holdings: 700.8M FARTCOIN (representing over 70% of total supply)
- Increase: +4.76%
- Fund size: Approximately $10.7 million USD
Standard whale (>$1M holding)
- Increase in holdings: 207.42M tokens
- Increase: +0.79%
Specific cases of large investors
| Wallet address/type | Open interest | percentage | Remark |
|---|---|---|---|
| 35hxjkNK...zZaoR341 | 40.24M | - | Unrealized profit +$3.18M |
| 7ZFveJ9VZG2...UMzR | 48.31M | 4.83% | Non-custodial large accounts |
| Hyperunit cross-chain bridge | 53.97M | 5.40% | Cross-chain liquidity |
| Gate.io exchange | 46.34M | 4.63% | Centralized holdings |
High leverage long signal
- December 7-8: An entity deposited 6 million USDC into HyperLiquid to open a long with 10x leverage, demonstrating institutional-level bullish confidence.
On-chain analysis
Basic information about the token
- Blockchain : Solana
- Contract address :
9BB6NFEcjBCtnNLFko2FqVQBq8HHM13kCyYcdQbgpump - Official Twitter : @FartCoinOfSOL (86,037 followers)
- Release date : October 2024 (via pump.fun)
Exchange Coverage
Listed on major exchanges, with ample liquidity:
- Spot trading : BINANCE ALPHA (USDC/USDT), COINBASE (USD), BITGET
- Contracts : BINANCE (Perpetual USDT), BYBIT, HYPERLIQUID, OKX
Data limitations
On-chain query tools show no DEX trading records from December 1st to 8th, which is significantly inconsistent with the actual daily trading volume of over $185 million, indicating a data indexing lag issue. It is recommended to rely on data from centralized exchanges and third-party aggregators (CoinGecko/CMC) for accurate information.
Social sentiment analysis
KOL opinion summary
Community sentiment is strongly bullish, with several well-known analysts making public statements:
| Analyst | position | Key points |
|---|---|---|
| @AltcoinSherpa | Long positions | Despite short-term fluctuations, a return to a healthy upward trend is expected, but the price action of BTC should be closely monitored. |
| @CryptoGodJohn | Actively increase positions | Buy on pullbacks, anticipating the next upward move. |
| @KookCapitalLLC | Strong holding | Maintaining strength amid volatility, price targets are expected to be achieved more quickly. |
| @DonnyDicey | Extremely bullish | Emphasizing its strong characteristics, it is expected to rise significantly as the market recovers. |
Community narrative features
- The "Hot Air Rise" theme : The community is leveraging the characteristics of the memecoin name to promote "hot air rises" as a signal of price increases.
- The "white whale entry" phenomenon refers to a large investor quietly increasing their holdings without affecting liquidity, which is regarded by the community as a professional institutional operation.
- Supply lock-in effect : Holders of coins firmly refuse to sell, causing large investors to continuously place buy orders when they enter the market, thus creating price support.
- Rapidly absorb pullbacks : Each pullback is quickly bought in, demonstrating strong community confidence and capital support.
Twitter activity
Active discussion points from December 2nd to 8th:
- December 2: The new wallet cluster (16 addresses) holds a total of 97M tokens, an increase of 10.1% in a single day.
- December 3: A single whale purchase of $192k attracted attention.
- December 4: Three new wallets accumulate several percentage points of supply within 1-3 days.
in conclusion
FARTCOIN's performance this week significantly exceeded market expectations, with a 21% increase supported by definite whale accumulation behavior. The data showing that the top 100 holders increased their holdings by more than 700M tokens ($10.7M), combined with the continued bullish stance of multiple KOLs and the strong holding sentiment in the community, constitutes a clear logic for the rise.
Key risk warning :
- As a Solana memecoin, it is extremely volatile; investment should be approached with caution.
- On-chain data may be outdated, and actual transaction activity may be more active.
- Price movements are highly dependent on the overall performance of the Bitcoin market; therefore, attention should be paid to changes in the macro market.
- Whale holdings are highly concentrated, posing a risk of one-sided market sell-offs.
With a current market capitalization of $397M and a trading volume of $200M, FARTCOIN has become an undeniable memecoin project in the Solana ecosystem, and its future performance is worth continued monitoring.