Whale’s Heavy Bet on Fartcoin Faces $297K Loss – Coincu

A significant whale trade on April 18 involves $1.98 million spent on Fartcoin, resulting in an immediate $297,000 loss. The purchase used 14,725 SOL to acquire 2.22 million Fartcoin at $0.89 each, monitored by LookIntoChain.

Despite this, the whale’s prior activity shows a strategic pattern of gains and losses, boosting market liquidity and triggering price fluctuations. The latest trade coincided with a 120% volume surge, yet it is already impacting short-term Fartcoin prices.

Whale Investment Leads to $297K Fartcoin Loss

The whale’s significant purchase occurred on April 18 using 14,725 SOL to buy 2.22 million Fartcoin at $0.89 per token. LookIntoChain’s monitoring noted the transaction, which added liquidity but increased price volatility, highlighted by a $297,000 loss. Such activity reflects broader speculative dynamics, showcasing short-lived price hikes and subsequent corrections.

Following the whale’s movement, Fartcoin saw its trading volume spike by 150%, influencing related trading pairs. Community sentiment remains divided—some see this purchase as an opportunity for price manipulation, while others view it as a possible bullish signal. Nevertheless, official platforms and high-profile figures have not commented.

“A whale investor purchased 11.21 million $Fartcoin at an average price of approximately $0.89, totaling an investment of $9.97 million. This move… highlights the whale’s confidence in $Fartcoin’s potential, despite the volatility in its price.” — Lookonchain, Blockchain Analyst

Market Impact and Community Division Over Whale Activity

Did you know? The speculative nature of Fartcoin contributes to its rapid price swings, calling for regulatory scrutiny and technological adaptations to mitigate potential manipulation risks.

As of April 18, 2025, CoinMarketCap reports Fartcoin trading at $0.76 with a market cap of $756,061,012. The 24-hour trading volume reached $297,982,701, decreasing by 16.16%. Price changes reveal a 13.92% dip over the past day, yet a 140.23% rise over 30 days, illustrating its volatility.

The Coincu research team emphasizes the importance of monitoring these whale transactions. Additionally, the ongoing scrutiny and technological adaptations aim to mitigate potential manipulation risks in the market.