Crypto Express

06/12 11:09

Coinbase Listing Fuels Whale Accumulation

Coinbase Listing Fuels Whale Accumulation, Will Fartcoin Break Above $1.65?

FARTCOIN surges after Coinbase listing, gaining over 56% in a week.

Whales accumulate aggressively, injecting over $45M into FARTCOIN.

Technical indicators and structure suggest consolidation near $1.65 resistance.

Momentum remains bullish, but traders must watch key levels and leverage exposure.

Coinbase Listing Draws Fresh Momentum

Fartcoin (FARTCOIN), a memecoin on the Solana blockchain, has re-entered the spotlight after its listing on Coinbase.

The listing, which went live June 11, triggered a rapid price surge and positioned FARTCOIN among the top trending tokens across meme asset categories.

Currently trading around $1.36, FARTUSD has climbed from approximately $0.87 on June 5, marking a 56% gain over the past 7 days.

On-chain data on Nansen shows 24-hour volume spiking to $145.81M, a 41.15% increase with buy volume at $74.62M and sell volume close behind at $71.19M, reflecting active two-way trading. Notably, the number of buys (116,453) and sells (119,974) remain balanced, suggesting ongoing price discovery rather than a blow-off top.

 Trading volume and Open Interest confirm strong engagement from traders across spot and derivatives markets.

Whales Position Aggressively

Whale activity reinforces bullish sentiment. A new wallet identified as “3NgFx6” accumulated 1.68 million FARTCOIN (~$2.48M in SOL) shortly after the Coinbase listing. On the same day, another wallet deposited $40.42M in USDC on HyperLiquid, placing coordinated buy orders for FARTCOIN and HYPE. These inflows reflect growing institutional confidence in the token’s mid-term upside.

Importantly, wallets that accumulated over 6M FARTCOIN near $1 earlier this year have not moved, suggesting strong hands are still in control.

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