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Altcoins

Giant Whale Dumped Big on Surprise Memecoin: Made Millions of Dollars in Profit

By admin
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Giant Whale Dumped Big on Surprise Memecoin: Made Millions of Dollars in Profit

According to information provided by cryptocurrency research firm Arkham Intelligence, a whale wallet made a big sale in an altcoin that has had a market value of over $ 1 billion for a long time, especially due to its eye-catching name.

According to the data, around two months ago, a crypto whale purchased $2.4 million worth of Fartcoin (FARTCOIN) at an average price between $0.20 and $0.30.

According to the latest onchain data, the value of FARTCOINs held by this whale reached $10.4 million today. Following this rise, the cryptocurrency whale sold $4.7 million worth of tokens at an average price of $1.18. The whale currently holds $5.57 million worth of FARTCOINs and $5.14 million worth of USDC.

The altcoin, which is not listed on major centralized cryptocurrency exchanges such as Binance, Bybit and Coinbase, is trading at $1.09 at the time of writing, 57% lower than its all-time high of $2.61.

*This is not investment advice.

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