Fartcoin Price Slides Toward $0.18 as Market Cap Drops Below $200M

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As per Cryptonewsland, Fartcoin's price has fallen toward $0.18, with its market cap dropping below $200 million. On-chain data from Arkham shows a major holder, Wintermute, reducing its stake from nearly 3% to 0.24%, raising concerns about market maker pressure. The price action reflects a sharp decline, with sellers dominating the market and volume remaining strong. The asset is now approaching a key support zone that has historically seen buying activity over the past 300 days. Market sentiment is split, with bears targeting $0.10 as the next support level, while bulls anticipate a potential rebound.

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