Whale Dumped Entire Meme Coin on Solana at 50% Discount! - Coin Bulletin

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A whale lost millions of dollars by selling all of its Fartcoin holdings and withdrew from the market.

A whale incurred a loss of 2.21 million dollars by selling 4.09 million Fartcoin (FART) for 11.578 Solana (SOL) and this large sale had a significant impact on the market.

The whale had purchased Fartcoin at an average price of $1.09 between January 19 and February 10. However, with the sale, this investment resulted in a significant loss. Despite standing out with its popularity among meme coins in recent times, Fartcoin is among the assets carrying a high risk due to its high volatility.

According to the latest data, Fartcoin's price fluctuated between 0.5254 and 0.6284 dollars in the last 24 hours, while the 7-day price range was between 0.4183 and 0.7033 dollars. Fartcoin is currently finding buyers at 0.546 dollars.

Many investors have suffered significant losses from meme coins before, showing how volatile the market is. For example, prominent investor Ansem recently spent 867 thousand dollars to buy 1.97 million Fartcoin. Ansem's move was interpreted as an attempt to compensate for the $128,000 loss in Dogwifhat (WIF) investment.

SOL-6.16%
MEME-8.68%
D-5.3%
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