Fartcoin Price Soars as Whales Build Accumulation, Signaling Market Optimism

The meme coin, Fartcoin (FARTCOIN), has witnessed a notable surge in price, exceeding $0.67 after a brief pullback. This rebound reflects growing confidence among investors and whales, who are accumulating tokens at a faster pace. Data from Nansen reveals that large wallets saw a substantial increase in their holdings since late September, boosting the Fartcoin’s total token supply. This accumulation has been accompanied by reduced selling pressure as whale deposits to exchanges have decreased. 12% growth over last week and a bullish sentiment amongst traders are key drivers of this rally.