FARTCOIN (Fartcoin) 24-hour pump 1.08%

Gate News Bot news, July 1st, according to CoinMarketCap data, as of the time of writing, FARTCOIN is currently priced at $1.16, with a rise of 1.08% in the last 24 hours, peaking at $1.18 and dipping to a low of $0.94. The current market capitalization is approximately $1.157 billion, an increase of $12.4 million compared to yesterday.

Fartcoin is a cryptocurrency project aimed at entertainment, with its official website stating “no intrinsic value or financial return expectations.” The project’s slogan is “No cabal, Fart freely,” emphasizing its entertainment nature. FARTCOIN is currently traded on certain CEXs, another CEX, and Axiom. The project team has stated that more exchange support will come in the future.

Important news about FARTCOIN recently:

1️⃣ Large purchases drive prices rise On June 23, a large investor purchased 2.4 million FARTCOIN at an average price of $0.93, with a total investment of 2.25 million USDT. This large transaction has become one of the main driving factors for the recent rise in FARTCOIN prices, showing that some investors have strong confidence in the token.

2️⃣ Market sentiment turns positive After the large transaction occurred, the price of FARTCOIN rose from $0.93 to the current $1.16, an increase of 24.73%. This trend indicates that the entry of big players has attracted more attention from investors, driving a positive shift in market sentiment.

3️⃣ liquidity rise With the influx of large funds, the market liquidity of FARTCOIN has improved. This not only helps to reduce trading slippage but may also attract more traders to participate, further driving the price rise.

From a technical perspective, FARTCOIN continues to rise after breaking the $1 mark, showing strong upward momentum. However, considering its meme coin attributes, investors should remain cautious of potential high volatility risks.

This message does not constitute investment advice, and investors should be aware of market volatility risks.