Fartcoin has fallen below $1, representing a 45% drop from its May peak. The token previously achieved a 195x and 413x return, according to user reports. On-chain data shows that three whales purchased 9.2 million Fartcoin, valued at $9.5 million, over a four-hour period. Individual transactions included one wallet withdrawing 4 million USDC from Kraken to buy 3.85 million Fartcoin at $1.04, another spending 3.63 million USDC for 3.57 million Fartcoin at $1.02, and a third using 12,000 SOL (worth $1.87 million) to acquire 1.79 million Fartcoin. Despite these large purchases, outflows from Fartcoin have accelerated, with $6.5 million leaving the token in the past 24 hours and over $15 million sold by smart money. Exchange inflows are increasing. Fartcoin leads the Pumpfun ecosystem in mentions, with 6,660 mentions, up by 2,370. SNAI (3,700), VINE (2,890), and UFD (2,680) follow. There is also discussion of an upcoming Pumpfun ICO.