- A large holder just unloaded 3 million FARTCOIN tokens.
- The meme token’s price fell 20% on the 24-hour chart.
- Meme cryptocurrencies plunged following fresh criticism from Solana’s co-founder.
Digital tokens showed mixed performance over the past 24 hours, with the majority of coins declining.
The meme token sector saw notable activity.
While Gemini announced DOGE and SHIB as accepted collateral, a dramatic move startled the FARTCOIN community.
According to Lookonchain, address 24BLFj sold a massive 3 million FARTCOIN tokens, taking in roughly $3.65 million.
The whale sold at $1.22 as FARTCOIN dropped from an intraday high of $1.4017.
Whale 24BLFj sold another 3M $Fartcoin($3.65M) at $1.22 9 hours ago.
This whale bought 8.89M $Fartcoin(cost $2.31M) at an average price of $0.26 from Feb 26 to Mar 21.
He still holds 1.89M $Fartcoin($2.16M), with a total profit of $8.07M(+349%).https://t.co/PwSotDsDwN pic.twitter.com/DXWPBFbb3n
— Lookonchain (@lookonchain) July 29, 2025
Meme cryptocurrency fell to $1.1253, a decline of 19.71% from the daily peak.
While Solana co-founder Anatoly Yakovenko’s recent criticism added to FARTCOIN’s weakness, the whale’s sell-off increased downward pressure.
Yakovenko stated that NFTs and meme coins have no intrinsic value.
Meanwhile, this whale began buying FARTCOIN at the end of February and accumulated 8.89 million tokens at discounted prices.
Notably, the whale spent an average of $0.26 per token between February 26 and March 21.
The strategic $2.31 million investment turned into a substantial profit of $8.07 million, representing a 349% return.
Although the sizable liquidation impacted the market, it also suggests the investor has been playing a long game with FARTCOIN.
Importantly, the sale may signal waning confidence in FARTCOIN’s short-term performance.
Is the meme token set for further declines?
FARTCOIN has been trending lower since $1.6843 on July 23.
However, the whale did not fully divest their position.
They still hold about $2.15 million worth of FARTCOIN (1.89 million tokens).
The disposal therefore signals a potential strategy adjustment rather than a complete exit. The investor could be positioning to capture higher returns if a rebound occurs.
Crucially, the sale appears to be a calculated move.
Where panic sellers liquidate all holdings, this measured whale is taking partial profits while remaining poised for any future rally.
FARTCOIN price outlook
The meme coin trades around $1.18 amid a bearish structure.
A 50% increase in daily trading volume indicates heightened trader activity in FARTCOIN.
That volume surge suggests market participants are either seeking opportunities in the prevailing volatility or exiting positions.
Broad market sentiment is driving the ongoing tug-of-war over FARTCOIN’s direction.
Meme coin market overview
The meme crypto space experienced heavy losses on Tuesday, with Dogecoin, Shiba Inu and PEPE falling as much as 10% on their daily charts.
The seven-day timeframe also reflects bearish dominance.
Only a few tokens—PENGU (+8.5%) and SPX (+18%)—show a positive seven-day performance among the top meme coins by market value.
CoinGecko data shows meme coin market capitalization dropped 4.6% yesterday to $79.55 billion.
The sharp daily decline in trading volume points to waning interest in theme-driven digital coins.
Yakovenko’s latest comments intensified bearish sentiment across the meme crypto sector.
Although meme activity helped drive Solana’s growth, Yakovenko labeled the asset class harshly, saying, “Memecoins and NFTs are digital slop and have no intrinsic value.”
I’ve said this for years. Memecoins and NFTs are digital slop and have no intrinsic value. Like a mobile game loot box. People spend $150b a year on mobile gaming.
— toly 🇺🇸 (@aeyakovenko) July 27, 2025
Despite the criticism, meme cryptocurrencies have proven influential within the digital-asset economy and often act as a proxy for broader market sentiment.