Whale Makes Bold $1.89M Bet on Fartcoin, Would it play out?

While the crypto market is caught up in a downtrend on tariff war, a memecoin whale has made a bold move by spending 17,516 SOL (valued at $1.89 million at the time) to acquire 3.28 million Fartcoin in a series of transactions over the past seven hours. 

The average buying price of $0.58 per token was reported by blockchain analytics platform Lookonchain, igniting speculation and excitement across the crypto community.

As onchain analytics platform Lookonchain noted out, the whale has purchased such a huge amount of Fartcoin in hundreds of transactions in the past 17 hours with its total holding now ending at 10.77 million Fartcoin. 

The purchase comes as Fartcoin price experiences a significant surge, with a mammoth surge of 148% over the past month, according to Coinmarketcap.

Fartcoin Price – Source: Coinmarketcap

Currently ranked 86th on Coinmarketcap, Fartcoin has a market cap of $247.62 million with its price trading near $0.5645 at the time of writing.