Massive Whale Sold All of Its Initial in This Altcoin Holdings, Only Profits Remain

According to an onchain development reported by crypto data analysis platform Arkham Intelligence, an altcoin whale has sold a large amount.

Onchain data shows that a DaCa short address crypto whale purchased $1.60 million worth of Fartcoin (FARTCOIN) around two weeks ago. The current value of the tokens purchased by the whale is over $2 million.

Taking advantage of the price increase, the altcoin whale sold off $1.53 million worth of FARTCOIN, roughly the same amount as his initial purchase. In other words, the cryptocurrency whale who withdrew his principal now has a FARTCOIN stash of approximately half a million dollars, consisting of only the profit portion.

FARTCOIN, an altcoin born out of the Solana-based memecoin craze, is not listed on major cryptocurrency exchanges like Binance and Coinbase. The token is trading around 54% lower than its all-time high price reached three months ago. However, the token’s price has risen by an interesting 132% in the past month.

*This is not investment advice.

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