meme token, Fartcoin FARTCOIN $1.07 24h volatility: 22.0% Market cap: $1.06 B Vol. 24h: $405.31 M

Solana-based meme token, Fartcoin FARTCOIN $1.07 24h volatility: 22.0% Market cap: $1.06 B Vol. 24h: $405.31 M

Solana-based meme token, Fartcoin (FARTCOIN), has seen a surge of 18% in price recently, trading around $1.06. This rise has pushed Fartcoin’s market capitalization above the $1 billion mark for the first time.

As a result, the token has moved up seven places in the crypto rankings, now becoming the 62nd largest cryptocurrency by market cap.

Additionally, Fartcoin has also become the largest meme coin on the Solana network, surpassing Bonk (BONK).

This rally has been fueled by massive accumulation from crypto whales. According to data from LookonChain, three crypto whales have collectively purchased 6.25 million Fartcoin valued at more than $5.5 million at prices ranging from $1.09 to $1.15.

Whales bought $Fartcoin!

CTRWQ3 spent 3.07M $USDC to buy 3.36M $Fartcoin at $1.09.

Gti2oW spent 1.48M $USDC to buy 1.63M $Fartcoin at $1.1.

FUTwwa spent 1.13M $USDC to buy 1.26M $Fartcoin at $1.15.

Address:https://t.co/J3N2X59pDmhttps://t.co/GwILu8Ua1i… pic.twitter.com/k0xX10LohR

— LookonChain (@lookonchain) April 22, 2025

This activity has sparked bullish momentum for FARTCOIN across social channels and exchanges. The token’s 24-hour trading volume has doubled in the past day.

One crypto investor, Kook, boldly claimed on X that Fartcoin will never go below $1 again in his lifetime.

FARTCOIN’s Price Momentum

On the daily FARTCOIN price chart, the MACD indicates strong upward momentum, with the MACD line crossing above the signal line. The histogram is also printing green bars, which indicates that buying pressure remains active.

However, traders should note that MACD is approaching overextended levels, which could suggest that the rally is losing steam.

RSI is currently at 67.6, which is close to the overbought region. This is also an early warning that the token could face short-term selling or consolidation soon.

If the meme coin fails to hold the 20-day SMA, traders could see the price fall below mid-$0.70s.

FARTCOIN’s price chart. Source: TradingView

Bollinger Bands show that Fartcoin’s price is hugging the upper band, which is a signal that price is overheating. If the price sees a pullback or move sideways, the middle band, around $0.74, will serve as key support.

The daily chart also reveals that the price is moving inside an ascending parallel channel, which is usually a corrective structure, not a full-on breakout trend. This suggests that the bullish momentum could face a test.

Meanwhile, Bonk is consolidating in a narrow range between $0.0000095 and $0.0000138 as Fartcoin continues to garner attention, volume, and capital.