According to Pentoshi, Fartcoin recently suffered a significant drawdown, highlighting the volatility and risk associated with new meme coins in the cryptocurrency market (source: @Pentosh1 on Twitter, May 9, 2025). Traders with strong conviction managed to endure the steep decline, demonstrating the importance of risk management and position sizing in volatile altcoin markets. This event underscores the necessity for active traders to monitor liquidity and volume on emerging tokens to avoid severe losses and capitalize on recovery opportunities.