Fartcoin Price Plunges 20% Amid Exchange Supply Pressure

Fartcoin's price decline accelerated after more than 6.5 million tokens hit centralized exchange hot wallets within 24 hours.

The transfers followed a price rejection around the $0.181 level, where sellers disrupted the memecoin's previous recovery attempt.

Around 957,090 Fartcoin valued at nearly $164,800 were transferred from Coinbase Prime Custody into Coinbase Hot Wallet, while another 3.48 million tokens worth over $600,000 entered Gate.io through three coordinated transfers.

The trading volume climbed 22.13% to $23.87 million as Fartcoin fell 20% toward $0.144 in 24 hours, placing it among the top losers in the memecoins sector.