币界网报道：Background information: Fartcoin has become the main winner in the memecoin market in the past 24 hours, with a price increase of 15.4% and a market value of $1.25 billion, entering the top 20 memecoins. Main events: A whale wallet used $40.42 million USDC to purchase a large amount of Fartcoin and HYPE tokens, and funds were transferred from SOL, BTC and ETH, showing that institutional investors have increased confidence in decentralized exchanges. Technical analysis shows that Fartcoin prices are supported in the $1.15-1.20 range, forming an upward channel, but the $1.60-1.70 resistance level remains strong. Potential impact: If the resistance level is broken, the price is expected to rise further to $2.16; if it fails to break through, it may fall back to $1.15-1.20 or even lower. Summary: With the support of whale funds, Fartcoin is expected to continue to rise in the short term, but attention should be paid to the breakthrough of key resistance levels.