A savvy trader is making headlines after doubling down on their investment in the Solana-based memecoin, Fartcoin (FART).
Fartcoin Frenzy
According to blockchain analytics firm Lookonchain, this mystery trader just bought another $563,000 worth of FART. This follows an earlier massive win where they reportedly made $4.9 million by buying low and selling high when the coin’s market cap was just $32 million. Currently, FART is trading at $1.15, up 178% in the last month, though still below its all-time high. The coin now boasts a market cap exceeding $1.15 billion.
Another Winning Streak
Lookonchain also highlighted another successful Fartcoin trader. This individual achieved a perfect 100% win rate across five trades, netting a cool $669,000 in profit. Their latest move involved swapping roughly $1.22 million in FART for Official Trump (TRUMP) memecoin.
Big Whale Buys Bitcoin and Ethereum
Beyond the memecoin action, Lookonchain spotted a major cryptocurrency whale making some significant purchases. This whale reportedly bought $54 million in Ethereum (ETH) and $56.7 million in Bitcoin (BTC) through an over-the-counter (OTC) transaction on the Wintermute platform. At the time of the purchase, Bitcoin was trading around $94,704 and Ethereum around $1,795.
Disclaimer:
