- Crypto whale spent $2.48M (14,850 SOL) on FARTCOIN, fueling memecoin buzz on Solana.
- FARTCOINs valuation hit $1.33 billion as crypto investors anticipate a Coinbase listing.
- Solana nears $175 resistance, gaining strength from overall crypto market momentum and volume.
Recent on-chain data shows sustained interest in FARTCOIN, a rising memecoin on Solana. A crypto whale withdrew 14,850 SOL from Binance, converting it into 1.68 million FARTCOIN, according to Lookonchain. Such large transactions often precede major market moves, suggesting traders should stay alert for shifts in liquidity and price behavior.
The SOL price during the transaction hovered around $160, based on market data from Binance and Coinbase on June 12, 2025. The transaction coincided with a 3.2% increase in Solanas daily trading volume, reaching $2.1 billion.
With FARTCOIN set for an imminent Coinbase listing, investor demand especially among whales is rising. Expectations surrounding the 2025 altseason and favorable U.S. crypto regulations have amplified altcoin appetite. FARTCOIN is emerging as a focal point, supported by whale activity and upcoming exposure on a top-tier exchange platform.
Following weeks of bullish momentum fueled by Coinbase listing rumors, FARTCOIN recently faced resistance near the $1.5 mark. Still, it has gained around 40% in the past seven days. With a fully diluted valuation of $1.33 billion and a daily trading volume of $376 million, FARTCOIN remains a mid-cap standout in the memecoin sector.
Source: X Solana has shown renewed strength after consolidating below $160. Its now pressing against a major resistance zone just below $175 a barrier thats rejected multiple advances before. The broader market, led by Bitcoin and Ethereum, is helping lift sentiment. Still, SOL remains far from previous all-time highs.
SOL is currently trading at around $165.80 on the daily time frame after regaining the 50-day SMA at $160.99. The price is now getting closer to the 100-day SMA at $175.70, a level that has been a critical area for a long time. An upsurge from the support area of $142$145 has formed a bullish configuration, thus, the price is now prepared to stretch the declining resistance twice.
A successful break above $175 may trigger a revisit of the target area of $190$200. However, if no new high is formed and we get a downward dynamic, SOL might come down to the support area of $155$160. With volatility rising across altcoins, traders should monitor these technical levels closely for decisive moves in the coming days.
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