Whale Turns Losses into Gains as Fartcoin Rises 8%
The post Whale Turns Losses into Gains as Fartcoin Rises 8% appeared on BitcoinEthereumNews.com.
Key Notes A whale flipped $297K loss into a $127K profit after selling 2.69M FARTCOIN at $0.92. Another whale bought 2M FARTCOIN at $0.85, signaling continued high-stakes interest. FARTCOIN trades at $0.9090, riding an ascending channel with bullish targets up to $1.52. Fartcoin (FARTCOIN) has staged a remarkable rally, climbing nearly 9.76% in the past 24 hours to trade around $0.9090, as of April 21. This jump in price comes in the wake of significant whale activity that not only reversed prior losses but also injected fresh momentum into the market. Whale’s Redemption Arc Just three days ago, blockchain analytics firm Lookonchain reported that a whale who previously lost $701,000 on Fartcoin had once again dived into the token, spending 14,725 SOL ($1.98 million) to acquire 2.22 million FARTCOIN at $0.89. This whale flipped the script — turned losses into gains. He sold 2.69M $Fartcoin($2.47M) at $0.92 3 hours ago, making a $127K profit.https://t.co/4YOOWwYVoz https://t.co/hFmdUNnS04 pic.twitter.com/OZt2Yp3KDw — Lookonchain (@lookonchain) April 21, 2025 At the time, the wallet was down $297,000, a narrative of continued losses. Fast forward to April 21, and the tables have turned. The wallet sold 2.69 million FARTCOIN ($2.47 million) at $0.92, locking in a $127,000 profit, revealed Lookonchain. The whale’s decision to sell slightly above his entry price paid off, not only validating his conviction but also stirring increased market confidence in the asset. Adding to the bullish sentiment, another whale stepped in on April 20, scooping up 2 million FARTCOIN for $1.7 million at an average of $0.85 per token. While this second entity has yet to take profit, their entry suggests that smart money anticipates more upside in the near term. A whale bought 2M $Fartcoin($1.7M) at an average price of $0.85 7 hours ago.https://t.co/DG6w1OlWSR pic.twitter.com/WGA1goinYH — Lookonchain (@lookonchain) April 20, 2025 Technical Breakdown:…
Filed under: News - @ April 21, 2025 11:29 am