According to an onchain development reported by crypto data analysis platform Arkham Intelligence, an altcoin whale has sold a large amount.
Onchain data shows that a DaCa short address crypto whale purchased $1.60 million worth of Fartcoin (FARTCOIN) around two weeks ago. The current value of the tokens purchased by the whale is over $2 million.
Taking advantage of the price increase, the altcoin whale sold off $1.53 million worth of FARTCOIN, roughly the same amount as his initial purchase. In other words, the cryptocurrency whale who withdrew his principal now has a FARTCOIN stash of approximately half a million dollars, consisting of only the profit portion.
FARTCOIN, an altcoin born out of the Solana-based memecoin craze, is not listed on major cryptocurrency exchanges like Binance and Coinbase. The token is trading around 54% lower than its all-time high price reached three months ago. However, the token’s price has risen by an interesting 132% in the past month.
*This is not investment advice.
