Whales’ Stinky Cheddar: Fartcoin Dumps in Epic Fashion! 💨

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Whales’ Stinky Cheddar: Fartcoin Dumps in Epic Fashion! 💨

Ah, Fartcoin—your beloved Solana meme wonder—took a nosedive Thursday, June 5, like a drunken sailor fallen overboard. The big whales, those old fat cats with more money than sense, decided enough is enough and booked their profits. Naturally, the coin couldn’t resist following suit, plunging below the cursed dollar mark. Because nothing screams fun like losing nearly half your value in a week. 😂

Fartcoin (FARTCOIN) sank to a measly $0.9300—its lowest since April 22—and on the way, left behind the sweet peaks of May’s glory, dropping 45%. Just picture the whales, sitting on their thrones of digital gold, chuckling at the innocent fools still clinging to hope. 🎭

Meanwhile, the broader meme-coin carnival on Solana was burning—market cap shrank from a shiny $15 billion to a sad $10 billion. Bonk (BONK) and Dogwifhat (WIF) cozied up with their own 20% loss, probably crying into their blockchain pillow. Too bad, so sad. 😅

On-chain snooping via Nansen revealed that smart money—those sneaky traders who supposedly know what’s what—are now holding only 24.4 million FARTCOIN. Last month, they boasted 34.16 million—probably on a diet. These wallets are supposed to be profitable experts, but lately, it’s all just a game of musical chairs.

And speaking of chairs, the whales, those greedy giants, sharply trimmed their holdings from nearly 360 million tokens to just 283 million. Looks like they’re planning to cash out their chips, folks. This frenzy has flooded exchanges with nearly 195 million coins—highest since March—probably a signal that they’re preparing to sell more than grandma’s homemade pickles. Because, you know, profits are like fart—better out than in. 💩

Fartcoin Price Trouble: Technical Breakdown 😂

Look here, the chart tells a story—once our brave Fartcoin dipped to $0.2097 in March, then skyrocketed like a rocket fueled by cheap beer, reaching $1.65. It was a glorious ascent, forming a neat little ascending channel, a symbol of hope and foolish optimism. But now? That channel is broken, just like the dreams of those gullible investors who thought this coin could save the world or at least their wallets.

It’s broken below the lower boundary, below the 50- and 25-day moving averages, and beneath the mystical 61.8% Fibonacci retracement—sounds fancy but just means it’s going down, down, down. The RSI and Stochastic Oscillator are both pointing south, suggesting the party’s over. 🥳

My prediction? Fartcoin will keep falling—possibly aiming at the sweet, sweet support at $0.50, a cruel drop of 45% more. Looks like the only thing rising now are the exchange balances—more coins waiting to be snapped up by the vultures. Classic.

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2025-06-05 16:41