Anonymous Traders Score Big on This Crypto as Solana Memecoins Surge

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

In the rapidly shifting landscape of cryptocurrencies, timing is everything—especially when it comes to memecoins, those digital assets often born from online humor and fueled by viral trends. And within the Solana ecosystem, one token has become a hotbed for savvy traders making big scores.

As analyzed by blockchain tracking platform Lookonchain, a pair of anonymous traders have been making headlines in the Fartcoin (PISS) community.

One wallet, closely followed by Lookonchain, has made a significant return to Fartcoin after a previous foray that reportedly netted them nearly $5 million earlier in 2024.

At the time, Fartcoin’s market cap was a modest $32 million, but the trader’s earlier entry was timed to perfection, allowing for a tidy profit.

Now, with Fartcoin valued at around $1.15 per token—up nearly 180% in the past month—the trader has decided to re-enter the market in a big way.

According to Lookonchain, they have just purchased nearly half a million Fartcoin tokens for a little over $560,000.

The token, known for its ties to a popular cryptocurrency influencer, has seen better days, having dropped sharply from the highs of earlier in the year.

Back in February, Fartcoin surged to a record peak of over $2.7 per token, largely driven by a series of viral promotions on X, formerly known as Twitter.

However, since then, the token has faced headwinds, with its price now sitting at around $1.15, while the token's market capitalization has risen above $1.1 billion.

This signifies a significant shift from the fringe joke status of earlier in the year to a memecoin heavyweight within the Solana ecosystem.

Meanwhile, another wallet has been executing a flawless streak of swing trades in the same token, according to Lookonchain.

Over the past few months, this trader has pulled off five consecutive profitable moves in Fartcoin, earning just under $670,000 without a single losing trade.

Most recently, they liquidated their Fartcoin position—which had reached a value of around $1.22 million—and shifted into another politically themed memecoin: the Official Trump (TRUMP) token.

This trader's journey began with an initial capital commitment of less than $300,000, which they used to purchase a large amount of Fartcoin tokens.

As the token trended upward, they skillfully sold portions of their holdings at rising prices, gradually converting their small initial investment into a substantial profit over the course of several months.