Whale Selling Dumps Fartcoin Price by 45%

The Solana meme coin Fartcoin (FARTCOIN) experienced a sharp decline on Thursday, June 5th, following a sell-off orchestrated by whales and larger investors. The cryptocurrency plummeted below $1.00 to reach its lowest point since April, marking a 45% drop from its May peak. This crash has been part of a broader decline in Solana-based meme coins, with their combined market capitalization down to $10 billion today from $15 billion last month.