A pair of savvy crypto traders have caught the attention of blockchain analysts after pulling off a series of high-return plays on one of Solana’s more notorious memecoins: Fartcoin.
Data from blockchain tracking platform Lookonchain reveals that one wallet holder—whose identity remains unknown—has re-entered the market with a sizeable bet, acquiring nearly half a million Fartcoin tokens for just over $560,000.
This isn’t the trader’s first win with the asset either. Their earlier entry, back when Fartcoin’s market cap was a modest $32 million, reportedly earned them close to $5 million through well-timed trades.
Currently, Fartcoin is valued at around $1.15 per token, having soared nearly 180% in the past month alone. Even so, it remains well below the record high it reached earlier in the year.
The token now commands a total market capitalization exceeding $1.1 billion, underscoring its rise from fringe joke to memecoin heavyweight within the Solana ecosystem.
Another wallet, also flagged by Lookonchain, has managed a flawless streak of swing trades in the same token. According to the data, this trader executed five consecutive profitable moves, earning just under $670,000 without a single losing trade.
Most recently, they liquidated their Fartcoin position—worth about $1.22 million—and shifted into another politically themed memecoin, the Official Trump (TRUMP) token.
These moves highlight the ongoing speculative mania within Solana’s meme economy, where sharp timing, viral hype, and big risks continue to yield eye-popping returns for a select few.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/anonymous-traders-score-big-on-this-crypto-as-solana-memecoins-surge/