Cryptocurrency FARTCOIN has noted significant price rises in recent days, reviving the interest of analysts and traders after a notable decline earlier in the month.
Price Rise After Monthly Decline
FARTCOIN has shown a rise of nearly 30% over the past day and 16% over the week, trading at $1.11 with a daily trading volume of $678.2 million. This comes after a drop of more than 21% in the past month, which erased earlier gains achieved in August.
Market analysts note that the current price levels may present an entry point. Levels near or below $1 are now under close scrutiny, with some traders preparing for a possible upward movement if buying interest continues.
Whale Buying Signals Interest
Data from OnchainLens shows that a large wallet transferred 12 million USDC to HyperLiquid and spent $1 million to purchase FARTCOIN. Such transactions are viewed by traders as a sign of confidence from larger market participants.
While similar buying in other tokens has sometimes been followed by rallies, the outcome depends on broader market dynamics.
Liquidity Support for Memecoins
Pump.fun, a Solana-based memecoin launch platform, has introduced the Glass Full Foundation. The program plans to add liquidity to selected meme coin projects and support their long-term development.
Moreover, analysts, including Gordon, say that FARTCOIN below $1 could be attractive this month. Recent whale activity and new ecosystem funding initiatives have drawn trader attention.
Recent price fluctuations of FARTCOIN and the activity of major players in the market highlight interest in this cryptocurrency. Analysts' predictions raise speculation about further growth prospects.
