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.
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.
Also Read: XRP Price Targets 500% Jump to $12.50: Standard Chartered
