In a recent move, a new wallet deposited $9 million USDC into HyperLiquid and started making Time-Weighted Average Price (TWAP) orders to purchase Fartcoin and HYPE tokens. This has led to speculation that Fartcoin might soon see a sharp price increase, with some experts predicting it could reach $2.
Analysts Bullish on Fartcoin Price as Big Investors Step In
Crypto analyst Maison Ghost in a recent X post, fueled Fartcoin’s growing bullish momentum with a bold prediction, claiming the meme coin could soar to $2 within the next 7 days. Meanwhile, the trading platform TrendSpider also pointed to what it called a “clean technical setup” on the charts, suggesting the token is poised for a breakout.
Social media influencers have amplified the optimism. Crypto enthusiasts have said that Fartcoin hasn’t even started pumping yet, while others have pointed out that the token’s daily active user count has been steadily rising for months.
These forecasts come after a well-known cryptocurrency analyst called attention to the creation of a bullish candle pattern on its chart. This suggests that the meme coin could hit $2.28 in the near future, as reported by CoinGape.
Whale Accumulation Hints at Bullish Setup
On-chain tracking account Onchain Lens flagged fresh whale wallet activity, where about $9 million was deposited to purchase Fartcoin and HYPE tokens on the Hyperliquid platform.
The data shows the whale wallet was using TWAP strategies, breaking large buys into smaller trades over time to reduce market impact. This strategy is frequently employed by whales and institutional investors who seek to establish substantial positions without triggering abrupt price fluctuations.
Fartcoin whales have made other noteworthy moves before this most recent accumulation. Large holders sold approximately $6 million worth of Fartcoin earlier this month to switch to PUMP tokens, according to on-chain data. Although that sparked worries about short-term volatility, the most recent whale buyback suggests that sentiment may be turning around.
The Fartcoin community has seen impressive growth recently, marked by a noticeable rise in whale activity. According to HolderScan data, the project now boasts over 446,000 unique wallets, a sign of growing adoption and investor confidence. Analysts often highlight that strong community backing helps meme coins sustain rallies far beyond traditional technical fundamentals.
As of this writing, Fartcoin price is still trading near its recent highs. This is thanks to strong tailwinds from growing retail interest and whale accumulation. The renewed buying activity from large wallets indicates that momentum is turning back in favour of the bulls. However, it remains unclear whether the token can actually hit the $2 mark.
Michael Adeleke
Michael Adeleke is a passionate crypto journalist known for breaking down complex blockchain concepts and market trends into clear, engaging narratives. He specializes in delivering timely news and sharp market analysis that keeps crypto enthusiasts informed and ahead of the curve. With an engineering background and a degree from the University of Ibadan, Michael brings analytical depth and precision to every piece he writes.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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