Fartcoin (FARTS) Price Has Pumped More Than 12% in the Past 24 Hours as Whales Continue Buying the Dip

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.

The price of Fartcoin (FC) has surged more than 12% in the past 24 hours as whales continue buying it amid dim movements across the crypto market on Saturday.

Earlier, it surged by nearly 10% as it 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. A small portion of the tokens has already been sold for a profit, generating a profit of 6%.

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.