Fartcoin had been strutting upwards like a caffeinated squirrel for three days straight. By April 9, it had climbed to $0.252, luring in bulls like moths to a particularly flashy candle. Then 7:00 a.m. struck-and suddenly it plummeted over 20% in a time frame that made even gravity blush.
Ah, Solana, the stubborn creature of the crypto world, once again finds itself between $79 and $81. It does this so often now it could almost be considered its natural habitat. The 50-day simple moving average hovers at $85.79, mocking it from above, like a parent telling a child, “You can’t reach that, no matter how hard you try.” And what does Solana do? It persists in staying just beneath it, as if expecting a different result this time.
According to blockchain experts who investigated the situation, the attacker probably still made a profit overall. They achieved this by offsetting their losses with investments they’d made elsewhere, while those who provided funds to Hyperliquid ended up losing money.
In the latest installment of “What Were They Thinking?” Fartcoin took a nosedive, plummeting 13% in 24 hours after a manipulation attempt went about as well as a fart in a spacesuit. The mastermind behind this scheme-clearly someone who skipped the “Diversify Your Portfolio” chapter in Crypto for Dummies-built a massive long position across four wallets, only to be liquidated faster than a bad burrito.
Key Takeaways (Because Who Has Time for the Whole Story?):
The vigilant watchers at PeckShield and Lookonchain, those tireless inspectors of digital mischief, discerned on April 9 that four wallets-like mischievous siblings sharing one infernal mind-belonged to a single daring entity.
The result? A volatile two-day range that was the widest since the conflict kicked off back in February. And if you’re thinking this is all just political drama, think again-there’s some serious technical mumbo jumbo brewing behind the scenes. The daily chart is showing hidden bullish divergence and a short-covering pattern. Translation: this rollercoaster ride might have a few more loops before it’s over. Whether oil shoots back up to $100 or takes a detour toward $90 depends entirely on which side-diplomacy or escalation-comes out on top.
The New York Times, with all the gravitas of a town mayor announcing a new pothole, declared it had solved the riddle of Satoshi Nakamoto. Crypto Twitter, naturally, sneered.
After the glitter dissolved, the price flatlined and slipped downwards-home to the tired old tale that everyone who watches on‑chain data is a self‑proclaimed money‑snatcher looking for a punchline.
Key Takeaways (for those who prefer brevity over brilliance):
