The price of Fartcoin has pumped more 12% in the past 24 hours as whales continue buying it amid dim movements across the crypto market. Yesterday, it surged by nearly 10% and it has also marked a similar pump while overall surging 25.74% in the past 7 days.
The spikes in Fartcoin is largely attributed to buying from whales, who are filling their bags with this recent popular memecoin while spending millions USDC. In recent transactions, a newly created wallet has spent nearly $1 million to acquire 1.06 million Fartcoin at an average price of $0.944 per token.
Last week, a similar whale accumulated $1.89 million of Fartcoin while spending 17,516 SOL on 9 April. This whale now stands at a profit of 60% in just 7 days.
As per Coinmarketcap data, Fartcoin is currently trading at $0.9259 – surged 12.65% in the past 24 hours with it marking a daily low of $0.803 while pumping as high as $0.9486 hours ago.
Can Fartcoin Price Break $1 by Sunday?
As the strong whale accumulation continues and it keeps fueling upward price momentum, Fartcoin appears to be on a bullish trajectory with it potentially breaking the $1 price mark by next Sunday.
Its price is now just 8% shy of the target and this milestone could be reached easily if the current buying pressure continues over the next couple of days. Besides, an 8% upward move is not unreasonable for Fartcoin, given that it has spiked over 25% in the past 7 days.
Moreover, the market sentiment around memecoins remains hot and Fartcoin’s rally is not just any hype but it has significant capital inflows from deep-pocketed investors. If more whales follow suit or retail interest intensifies, the $1 barrier could be tested and might be broken even before the weekend.
Also read: Bitcoin Price Prediction Today: BTC To Retest $88k Soon?
