- The large holder has 3 million Fartcoins offloaded.
- Meme Token prices fell 20% on the 24-hour chart.
- Meme Cryptos has plunged in after the latest criticism from Solana co-founders.
Digital tokens have recorded mixed performance over the past 24 hours, with most coins plummeting.
Meme Token Space has witnessed multiple activities.
Gemini announced Doge and Shib as collateral, but the dramatic moves shocked the Fartcoin community.
Address 24BLFJ pocketed $3.65 million and dumped a massive 3 million Fartcoin tokens, according to LookonChain.
Investors sold for $1.22 as Fartcoin plunged from its daytime high of $1.4017.
Whale 24BLFJ sold an additional 3M $FARTCOIN ($3.65M) for $1.22 9 hours ago.
The whale purchased 8.89m $FARTCOIN (which costs $2.31 million) with an average price of $0.26 from February 26th to March 21st.
He still holds 1.89m $ fartcoin (2.16mmmion), with a total profit of $8.07 million (+349%).https://t.co/pwsotdsdwn picter.com/dxwpbfbbb3nn
– lookonchain (@lookonchain) July 29, 2025
Meme Cryptocurrency fell to $1.1253, down 19.71% from its daily peak.
The latest criticism of Solana co-founder’s meme assets contributes to Fartcoin’s weaknesses, but the sale of whales adds to sales pressure.
Anatoly Yakovenko said that NFTS and Meme Cryptocurrencies lack intrinsic value.
Meanwhile, the whale has been investing in Fartcoin since late February, accumulating 8.89 million coins at a discounted price.
In particular, whales spent an average of $0.26 to purchase assets from February 26th to March 21st.
The strategic investment worth just $2.31 million has grown to a huge profit of $807 million, an ROI of 349%.
While massive off-roading has impacted the market, it also shows that investors have played a long game with Fartcoin.
Most importantly, this sales could indicate a decrease in Fartcoin’s confidence in short-term performance.
Are meme tokens set to reduce even further?
Fartcoin continued to plummet from $1.6843 on July 23rd.
Nevertheless, the whale has not abandoned all his stashes.
They still hold about $2.15 million (1.89 million coins) worth of Fartcoin.
Therefore, offloading notifies you of potential strategy changes rather than a complete exit. Investors may control for more returns on rebounds.
Most importantly, this sale reflects calculated movement.
Panic sellers throw away all their assets at once, but smart whales earn partial benefits while awaiting future gatherings.
Fartcoin price outlook
Meme Coin trades for $1.18 with a bearish structure.
A 50% increase in daily trading volume signal will intensify Fartcoin’s trader activity.
It directs players seeking general volatility opportunities or withdraws positions.
The general broad market sentiment supports Fartcoin’s ongoing struggle.
Overview of the meme coin market
Meme Cryptocurrency Space withstanded Bloodbath on Tuesday, with Dogecoin, Shiba Inu and Pepe losing up to 10% on their daily charts.
The seven-day time frame also confirms bearish control.
Only Pengu (+8.5%) and SPX (+18%) show 7D days in value between the top meme coins.
Coingecko data shows Meme Coins’ market capitalization fell 4.6% the day before to $79.55 billion.
A substantial daily trading volume dip indicates a decline in interest in the theme digital coins.
The latest critique by Solana co-founder Anatoly Yakovenko has expanded bearish sentiment in Meme Crypto Space.
Meme activity has fueled Solana’s growth, but Jacovenko has blown up the asset class.
He boldly said, “Memocoin and NFT are digital slops and have no intrinsic value.”
I said this for years. MemeCoins and NFTS are digital slops and have no essential value. Like a loot box in a mobile game. People are spending $1500 on mobile games.
-toly🇺🇸 (@aeyakovenko) July 27, 2025
Nevertheless, meme cryptocurrencies have proven important to the digital asset economy and are often used as a proxy for widespread market sentiment.