FARTCOIN (Fartcoin) fell 11.54% in 24 hours

Gate News Bot news, July 2, according to CoinMarketCap data, as of the time of writing, FARTCOIN is currently priced at $1.01, falling by 11.54% within 24 hours, reaching a high of $1.18 and a low of $0.94. The 24-hour volume is $168 million. The current market capitalization is approximately $1.014 billion, a decrease of $132 million compared to yesterday.

Fartcoin is a cryptocurrency project based on the "fart" theme. Its official website emphasizes that this is a token purely for entertainment purposes, with no intrinsic value or expectation of financial returns. The project slogan is "No conspiracy, fart freely," aiming to disrupt the cryptocurrency space in a humorous way. FARTCOIN is currently listed on trading platforms such as certain CEX.

Important news about FARTCOIN recently:

1️⃣ Large sell-off triggers price fall In the past 5 hours, two addresses on the chain have collectively sold approximately 8.2 million FARTCOIN, worth about 8.65 million dollars. This large sell-off caused the price of FARTCOIN to fall from 1.08 dollars to 1.02 dollars, a decrease of 5%. Among them, one address exchanged 5.9 million FARTCOIN (6.23 million dollars) for 40,958 SOL, while the other address exchanged 2.3 million FARTCOIN (2.42 million dollars) for 2.423 million USDT.

2️⃣ Large purchases in the short term On July 1, a newly created wallet invested 7,980 SOL (approximately $1.24 million) to purchase 1.08 million Fartcoin at an average price of $1.15. This large purchase indicates that some investors still maintain interest in FARTCOIN, which may provide some support for the price.

3️⃣ Price fluctuations intensify The price of FARTCOIN has experienced significant fluctuations in the short term. It rose by 1.08% from $1.16 on July 1 to the latest $1.01, reflecting a sharp change in market sentiment and high uncertainty.

From a technical perspective, the price of FARTCOIN has retraced after breaking the $1 mark and is currently testing the $1 support level. Considering its meme coin attributes and recent large transactions, investors should be alert to the potential high volatility risks.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.