A whale wallet bought $9M in FARTCOIN and HYPE via TWAP orders on HyperLiquid, sparking a potential rally toward $2. A breakout ahead?
Recently, a new wallet began placing Time-Weighted Average Price (TWAP) orders to buy Fartcoin and HYPE tokens after depositing $9 million USDC into HyperLiquid.
This has sparked conjecture that Fartcoin may soon experience a significant price spike; according to some analysts, it may even hit $2.
As Large Investors Intervene, Analysts Are Optimistic About Price Of Fartcoin
In a recent X post, cryptocurrency expert Maison Ghost boldly predicted that Fartcoin might reach $2 in the next seven days, adding to the cryptocurrency’s already strong bullish trend.
TrendSpider, a trading platform, also noted what it described as a “clean technical setup” on the charts, indicating that a breakthrough is imminent for the coin.
Influencers on social media have increased the optimism.
While some cryptocurrency fans claim that the coin hasn’t even begun to pump yet, others have noted that the number of daily active users has been increasing continuously for months.
These predictions follow the emergence of a bullish candle pattern on its chart, which a prominent cryptocurrency analyst noted.
According to CoinGape, the meme currency may soon reach $2.28.
Accumulation Of Whales Suggests Bullish Setup
Account for on-chain tracking. Approximately $9 million was placed to buy Fartcoin and HYPE tokens on the Hyperliquid platform, according to new whale wallet activity detected by Onchain Lens.
According to the data, the whale wallet employed TWAP techniques, dividing big purchases into smaller trades over time to lessen their impact on the market.
Whales and institutional investors that want to build sizable positions without causing sudden market swings commonly use this tactic.
Before this latest accumulation, fartcoin whales had undertaken prior notable actions.
According to on-chain data, large investors sold about $6 million worth of Fartcoin earlier this month to convert to PUMP tokens.
That raised concerns about short-term volatility, but the latest whale buyback indicates that mood might improve.
The Fartcoin community has grown significantly recently, and whale activity has increased noticeably.
The project currently has approximately 446,000 distinct wallets, which indicates rising investor confidence and acceptance, according to HolderScan statistics.
As analysts frequently point out, strong community support enables meme coins to maintain rallies that go beyond conventional technical factors.
The price of Fartcoin is still hovering close to its most recent highs.
Strong tailwinds from increasing retail interest and whale accumulation are to blame for this.
The resurgence of buying activity from big wallets suggests that the bulls are gaining ground.
It’s still uncertain whether the token can truly reach the $2 threshold.
