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A large amount of FARTCOIN is being dumped, causing the Token price to plummet.
According to the Gate News bot, as per the monitoring report by EmberCN, on July 2, two addresses concentrated on selling 8.2 million FARTCOIN within nearly 5 hours, with a total value of approximately 8.65 million USD. This action caused the price of FARTCOIN to fall from 1.08 USD to 1.02 USD, a decline of about 5%.
Specifically, the Address AY4p...7XP4 exchanged 5.9 million FARTCOIN (about 6.23 million USD) for 40,958 SOL two hours ago. Another Address 46aw...XN14R exchanged 2.3 million FARTCOIN (about 2.42 million USD) for 2.423 million USDT five hours ago.