More than 6.5 million FARTCOIN tokens were moved to centralized exchange wallets within 24 hours, accelerating a price decline that saw the memecoin fall 20% to approximately $0.144. The transfers followed a rejection near $0.181 and included a $164,800 deposit from Coinbase Prime Custody to Coinbase Hot Wallet, along with over $600,000 in tokens sent to Gate.io in three coordinated transactions. Wintermute also contributed roughly 824,000 tokens to Gate.io. Trading volume climbed 22.13% to $23.87 million as selling pressure intensified, placing FARTCOIN among the top losers in the memecoin sector.
The FARTCOIN price decline accelerated after more than 6.5 million tokens reportedly hit centralized exchange hot wallets within 24 hours. The transfers followed a price rejection around the $0.181 level, where sellers disrupted the memecoin’s previous recovery attempt.
Approximately 957,090 FARTCOIN valued at nearly $164,800 were transferred from Coinbase Prime Custody into Coinbase Hot Wallet. Another 3.48 million tokens, worth over $600,000, reportedly entered Gate.io through three coordinated transfers.
The transactions included 1.733 million FARTCOIN from one depositor and another 932,700 tokens from a different depositor. Wintermute also moved around 824,000 FARTCOIN toward Gate.io, amplifying the potential exchange-side supply pressure.
Trading volume climbed 22.13% to $23.87 million as FARTCOIN fell 20% toward $0.144 in 24 hours. The decline placed FARTCOIN among the top losers in the memecoin sector, highlighting stronger selling pressure across its market.
Fresh inflows reinforced exchange supply pressure while large token transfers already challenged FARTCOIN’s ability to stabilize. At the time of writing, the memecoin had recorded around $1.15 million in inflows versus $859,330 in outflows.
The inflows exceeded the outflows, producing positive netflow and increasing the tokens available across tracked exchanges. The recent imbalance came at a time of heightened selling pressure, reinforcing the significance of exchange supply as FARTCOIN pushed towards its key technical support area.
Continued positive netflows could preserve the supply pressure as fresh exchange deposits continue exceeding withdrawals. Stronger outflows, on the other hand, could reduce available supply and improve conditions necessary for buyers to defend support.
The token’s decline pushed price towards the $0.14497 zone, placing it directly inside the order block above the $0.140 support level. On the daily timeframe, the zone had previously supported a consolidation before August’s price expansion, making its defense important for the broader technical structure.
Selling strength persisted as the MACD indicator stayed bearish, with its histogram in negative territory at -0.00527. The RSI also declined towards 41.08 and remained below its 51.41 moving average, reflecting weaker buying pressure.
The RSI had not hit oversold conditions, leaving sellers with room to extend the correction deeper. Holding the order block could support a reversal toward the upper boundary of the descending channel, potentially reopening the path to the $0.180 resistance zone.
Failure below the $0.140 support would weaken the order block and expose the $0.11773 lower support. Despite continued selling, the Binance Liquidation Heatmap showed a notable liquidation liquidity cluster between $0.156 and $0.161, with additional clusters from $0.165 toward $0.170.
These upper concentration clusters could pull the price if the order block holds and buyers regain market control. A price recovery through the $0.161 level could increase pressure on short positions clustered across the higher liquidity zones.
