Whale Dumps $4.7M of FART Tokens, Triggering Price Crash

The surprise dump had occurred after a huge buy of $2.4 million of FART Token, where the whale had purchased tokens ranging from $0.20 to $0.30 each.

A huge "whale" liquidated $4.7 million worth of FARTCOIN tokens on Wednesday, shaking the meme coin market, according to on-chain data.

The whale had purchased FART tokens for $0.20 to $0.30 each to accumulate vast holdings of $10.4 million.

They chose to liquidate at $1.18, selling nearly half of their holdings and realizing a profit of $5.14 million. This mass liquidation began at around 09:30 UTC and quickly drove down the price of FARTCOIN.

Its positions were instantly converted into USDC stablecoins at around 11:00 UTC, further destabilizing the market.

At the time of writing, Fartcoin price decreased 3.69% in the past 24 hours to $0.9864. As of today, its market cap, which stands at $986.42 million, reflects a 3.68% daily increase.

Active Trader Swaps 1.18M FARTCOIN for TRUMP

An active trader’s move to swap 1.18 million FART tokens for 78,671 TRUMP tokens has sparked interest.

According to Lookonchain data, the trader completed five successful swing trades with FART Token, achieving a 100% win rate and earning $669,000 in profit.

The trade of $1.22 million was made just 18 hours before the report and is indicative of strategic asset switching. It was done because FART Token had decreased by 7% while there was a 5% rise in the price of TRUMP tokens.

The trader appears to be seeking even more gains with TRUMP, especially considering the market volatility.

Meme Coin Sentiment Shifts: Trader Swaps FART for TRUMP

A prominent trader’s complete exit from FART into TRUMP could indicate a shift for meme coin perceptions more broadly. Through April 27, 2025, TRUMP recorded a strong $2.1 million 24-hour trade volume, contrasting with Fartcoin’s decreasing volume of $1.4 million.

The trader’s strategic action comes as a 12% decline in Fartcoin’s distinct wallet holders signals declining confidence. In contrast, TRUMP saw a 9% rise in active addresses over the same period, suggesting strengthening community support.

Following the swap, trading volumes for TRUMP/USDT and TRUMP/SOL pairs spiked 15% and 18%, respectively, within six hours. Analysts suggest this shift highlights the rising importance of on-chain metrics in meme coin trading strategies.