A crypto whale has just turned a meme coin into a serious payday

On April 21, a savvy trader sold 2.69 million Fartcoin at $0.92 each, netting a solid $127,000 profit.

A crypto whale has just made a meme coin payday a reality. According to on-chain data from Lookonchain, a major seller offloaded 2.69 million Fartcoin at $0.92 each at 10:30 AM UTC on April 21. The sale, worth $2.47 million, landed amid growing volatility and sparked a wave of speculation.

The DEFIは無リスクで、新しい機会がもたらされると付け加えました。

« 確かに、リスクはすべての人が自分で評価するものです。しかし、新しい機会にオープンな姿勢をとることは、誰もが受け入れるに値すると思います。 »

As the fart-fueled token gains traction, the whale’s move has left traders wondering: Is this a sign of strength or a signal to hold your nose?

The upbeat scenario

The stellar sale occurred as Fartcoin price showed some resilience. At 11:00 AM UTC, a bullish engulfing pattern formed on the 1-hour chart, which is usually linked to price momentum shifting. The Relative Strength Index (RSI) clocked in at 62, keeping the token just below overbought territory.

The MACD line also crossed above the signal line at 10:45 AM UTC—another classic bullish confirmation. This was reinforced by on-chain data showing a 15% increase in active addresses. Over 12,500 wallets interacted with Fartcoin within 24 hours, signaling fresh interest and possibly a new retail entry.

However, the massive sell-side order also led to a sharp increase in trading volume. Within just an hour, Fartcoin’s trading volume surged to 4.3 million tokens—more than double its daily average of 2.1 million. That kind of volume doesn’t go unnoticed and suggests traders were reacting fast, either jumping in on the momentum or repositioning in fear of a sell-off cascade.

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The pessimistic take

The good news is, the whale still managed to turn a profit. The $127,000 in realized profit might not seem huge in whale terms, but in a volatile meme coin market, it’s a strategic win. But with the meme token now trading at $0.8, it seems that the buyers weren’t exactly in a rush to pounce on the new lows.

The stellar sale occurred as Fartcoin price showed some resilience. At 11:00 AM UTC, a bullish engulfing pattern formed on the 1-hour chart, which is usually linked to price momentum shifting. The Relative Strength Index (RSI) clocked in at 62, keeping the token just below overbought territory.

The MACD line also crossed above the signal line at 10:45 AM UTC—another classic bullish confirmation. This was reinforced by on-chain data showing a 15% increase in active addresses. Over 12,500 wallets interacted with Fartcoin within 24 hours, signaling fresh interest and possibly a new retail entry.

This signals that the meme coin might be heating up again after a recent downturn. But with the meme token now trading at $0.8, it seems that the buyers weren’s exactly in a rush to pounce on the new lows.