Ethereum’s meme coin Fartcoin experienced a dramatic price surge overnight, reaching $1.06 per token. While trading volume skyrocketed to over $411 million in 24 hours, many are questioning the cause behind this sudden jump – especially considering user engagement and activity appear to be declining. Cryptocurrency Inside reports a massive 15 million loss in user interactions for Fartcoin, dropping active users by roughly 4.8 million compared to earlier periods. This decrease in engagement could indicate the token’s future struggles. The coin’s price increase might also be driven by Coinbase listing it on their roadmap alongside SQD. This announcement sparked buying frenzy among traders, leading to the current surge. However, this sudden pump isn’t without caution. A single large wallet holding over $242,000 in Fartcoin tokens hints at insider knowledge and potential speculation rather than true market demand. While technical analysis suggests a sideways price range, experts warn that any break above $1.10 could be followed by bullish momentum. However, if the current rally falters or is met with more user decline, it might drop to the $0.98 – $1.00 area. While Fartcoin’s price surge may seem exciting, it’s crucial for investors to analyze the reasons behind this pump and weigh the potential risks before making any decisions.