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The Whale that bought the Meme Coin on the Solana Network 5 months ago has started selling: He has a large amount in hand! - Coin Bulletin
A whale that invested in Fartcoin 5 months ago made its first sale in the past hours. The investor's total profit so far has exceeded 3.65 million dollars.
Meme coin projects in the crypto markets can sometimes turn into serious profit opportunities. One of the latest examples, Fartcoin, is making headlines not only for its name but also for the massive profits it has brought to its investors. According to data shared by the on-chain analysis platform Lookonchain, a whale made its first sale after a 5-month hodl strategy.
The relevant whale spent a total of 895,151 USDC to purchase 4.36 million Fartcoin 5 months ago. This transaction was executed at an average cost of 0.205 dollars per token. At the peak of Fartcoin's price, the value of this position reached 10.8 million dollars.
However, the investor did not hurry to sell and only sold 955,589 Fartcoins in the past hours for 1.05 dollars each, realizing a profit of 1 million dollars.
There are still 3.4 million Fartcoin in the wallet.
According to the statement, the whale still holds 3.4 million Fartcoin and the current value of these assets is approximately 3.54 million dollars. Thus, the investor's realized and held total asset value is approximately 4.54 million dollars, and the total profit is 3.65 million dollars.