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Cryptocurrency News Articles
FARTCOIN Price Action: From Viral Hype to Sharp Sell-Off Journey: From Hype to Sell-Off
Apr 18, 2025 at 05:05 am
In Q1 2025, investors heavily favored artificial intelligence tokens and memecoins like FARTCOIN. Together, these categories captured 62.8% of total market interest.
CoinGecko's report for Q1 2025 indicates that investors heavily favored artificial intelligence tokens and memecoins, together capturing 62.8% of total market interest.
AI tokens led with 35.7% global attention, compared to memecoins at 27.1% across the top 20 narratives.
Six narratives involved memecoins, including FARTCOIN, and five focused on AI, showcasing trends in retail participation.
Among the mentioned tokens, FARTCOIN (CRYPTO: FART) is known for its viral nature, with traders discussing it on X (formerly Twitter) and fueling its gains.
Recently, FARTCOIN saw a 1% dip, trading at $0.84 at press time. However, over the past month, the token soared over 225%.
This performance sharply contrasts with the broader market trends, which have remained mostly negative.
However, FARTCOIN is still down 66% from its all-time high of $2.61, which it hit during January's Solana (CRYPTO: SOL) memecoin boom.
Many traders booked profits as the price surged, slashing the market cap from over $2 billion to around $360 million.
One trade, tracked by Lookonchain, showed a whale converting 12,160 SOL into 8.15 million FARTCOIN at $1.29 per token. The trader secured a profit of roughly $2.5 million.
Its Futures Are Up 500% This Year
After a deep pullback, FARTCOIN is showing signs of a possible comeback, according to a combination of social activity and futures data.
LunarCrush reported a 450% increase in social volume during April, just before the token saw a 200% rally this month.
In memecoins, a huge increase in community activity often signals fresh speculative interest.
According to CoinGlass, open interest in FARTCOIN futures has climbed nearly 500% since January. Meanwhile, April’s funding rates remained mostly positive, indicating bullish trader sentiment.
This renewed momentum has led crypto influencers to call for a spot exchange listing. Some compare FARTCOIN’s staying power to Ethereum (CRYPTO: ETH)-based PEPE, which hit a $10 billion market cap in 2024.
Despite its performance, FARTCOIN still lacks listings on major spot exchanges like Binance, Coinbase, OKX, Bybit, and Upbit.
The token trades actively in perpetual futures on Binance, Bybit, and OKX. In terms of volume, it outpaces most memecoins, second only to DOGE.
On April 10, 2025, analyst Unipcs ("Bonk Guy") expressed surprise at this gap in a post on X:
"Wait, how is FARTCOIN not listed on Binance, Coinbase, Bybit, OKX, and Upbit spot?It's live on perps across Binance, Bybit, and OKX. It's outperforming nearly every memecoin in volume except $DOGE."
Technical Analysis
On the one-hour FARTCOIN/USDT chart, a harmonic ABCD pattern is forming, which could indicate a potential bullish reversal.
The price moved from point A to B, then pulled back to C. It now approaches point D between $0.84 and $0.85.
This zone coincides with a prior demand area, suggesting an increased likelihood of a bounce.
Recent candlesticks display strong selling pressure, with most showing long red candles and short upper wicks.
Trader Picasso (@Picasso_Trades) shared a setup on X, detailing entry, execution, and targets using TPO analysis.
As the price approaches support, traders are keeping an eye out for bullish patterns such as hammers, engulfing candles, or morning stars.
The MACD histogram remains in negative territory, confirming the ongoing bearish pressure. However, a bullish candle close above $0.84-$0.85 could trigger a move toward resistance at $0.90-$0.93.
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