šØ Whale Alert: 1.79M $FARTCOIN Scooped Up in Bold $USDC Move from Binance
Crypto whales are making waves againāthis time with a cheeky $FARTCOIN play. A deep-pocketed investor just withdrew a hefty stack of $USDC from Binance and swapped it for 1.79 million units of the meme coin du jour. Because nothing says 'serious investment' like a token named after flatulence, right?
The Trade Breakdown
No fancy derivatives or over-leveraged positions hereājust cold, hard stablecoins converted into a speculative asset. The whaleās timing? Impeccable, as always (or so theyāll claim on Crypto Twitter).
Why This Matters
When big money moves, the market watches. Whether this is a calculated gamble or just another crypto personality flexing their bags, one thingās clear: liquidity flows where the memes go. And sometimes, that flow smells a bit... off.
The Punchline
Another day, another whale proving that in crypto, fundamentals are optionalābut a sense of humor is mandatory. Just donāt ask about the exit strategy.
In a recent development, a crypto whale wallet has carried out a significant memecoin accumulation. As per the data from Onchain Lens, the crypto whale has extracted $1.72M in Binance in $USDC to buy 1.79M $FARTCOIN. As the on-chain analytics provider mentioned in an X post, the development highlights the whaleās rising confidence in the upside potential and liquidity of $FARTCOIN. Additionally, the move has triggered speculation concerning the potentially approaching notable developments in the memecoin sector.
A whale withdrew $1.72M $USDC from #Binance and bought 1.79M $FARTCOIN at a price of $0.96.
Address: 8BUpZser9HYAxaNQmKbeYcd3J3am2EQCwpDNKFLhKtec
Data @nansen_ai pic.twitter.com/NQUGesRhYL
Crypto Whale Bets $1.72 $USDC on $FARTCOIN Amid Growing Memecoin Adoption
The on-chain data reveals that the above-mentioned whale wallet is engaged in the PEGD leaderboard as well as liquidity pools of Solv Protocol. Particularly, it has withdrawn $1.72M $USDC from the popular crypto exchange Binance and purchased 1.79M $FARTCOIN. The wallet activity takes into account several transactions, including $USDC and $FARTCOIN.
The amounts of the transfers range between 157.87K and 448.44K. Specifically, the biggest single transaction comprised $433.77K in $FARTCOIN. On the other hand, the smallest included outflow of $151.87K. The respective transfers took place a few hours back, signifying a swift accumulation strategy.
Big $FARTCOIN Buyout Triggers Speculation of Broader Memecoin Rally
According to Onchain Lens, the whaleās aggressive $FARTCOIN accumulation could point toward a wider trend of memecoin adoption. Although memecoins are deemed considerably volatile, the whaleās staggering acquisition of 1.79 $FARTCOIN could drive retail interest and on-chain activity. In the meantime, traders and market onlookers are closely watching for the start of a price rally.