The post Fartcoin Price Drops Below $0.65 – Is the Solana Memecoin Boom Over? appeared on BitcoinEthereumNews.com.

Fartcoin price plummeted below the $0.65 support on Saturday, Feb 1, rising trading volumes suggest major downside risks ahead. Fartcoin (FART) Dives Below $0.65 as Trump Token Disrupts Solana Memecoin Sector Fartcoin (FART) emerged as a standout performer within the Solana memecoin ecosystem in December 2024. Its meteoric rise captured market attention, surging 1,180% between December 1 and January 19, reaching an all-time high of $2.11 and securing a $2 billion market cap. However, the official launch of the TRUMP token has disrupted the Solana memecoin space, seemingly draining liquidity and attention away from FART. Over the past 14 days, FART has suffered a staggering 77% decline, trading below $0.65 at press time on Saturday. Fartcoin Price Action | FARTUSDT The timing of FART price decline directly correlates with TRUMP’s entry into the market, highlighting a significant shift in trader sentiment. Fartcoin (FART) price fell below the $0.65 mark on Saturday, February 1, down 77% since the launch of the TRUMP token on the Solana network.  Once a breakout star in the memecoin sector, Fartcoin’s market capitalization has now fallen below $700 million, a sharp decline from its global peak of $2.2 billion. Despite its plummeting price, trading volumes are on the rise, signaling intensified sell-offs after retreating from an all-time high of $2.11 on January 19. Rising FART Trading Volume Signals Active Sell-Offs Recent Fartcoin trading volume trends suggest that an accelerated price dip could be unfolding. Santiment’s trading volume metric, which tracks daily demand for crypto assets, indicates that FART’s trading volume surged to a record 624 million FART on January 19, more than double the previous peak of 270 million recorded in December. Fartcoin (FART) Price vs. Trading Volume | Source: Santiment The data reveals that FART’s trading volume exceeded its December peak of 270 million FART…

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Filed under: News - @ February 2, 2025 1:26 am