title: Blockchain intelligence platform Lookonchain is highlighting a trader who has profited handsomely from trading in Fartcoin (FARTCOIN), a memecoin built in the Solana (SOL) ecosystem.

A trader has reportedly bought 488,000 Fartcoin (FARTCOIN) for $563,000 on Solana.

According to blockchain intelligence platform Lookonchain, the unidentified trader is known for his profitable trades in the Fartcoin memecoin.

Earlier this year, the trader had booked millions of dollars in profits on a Fartcoin position he had invested in earlier when the memecoin was still a micro-cap.

“This trader first aped into Fartcoin when its market cap was $32 million, making $4.9 million by buying low and selling high.”

This trader first aped into $FARTCOIN when its market cap was $32 million.

Then made 4.9 million by buying low and selling high. Finally, he sold all his $FARTCOIN at a high price.

Now, this trader went long on $FARTCOIN again, buying 488,000 $FARTCOIN at a total price of $563,000. pic.twitter.com/4Z0378Qk1v

— Lookonchain (@lookonchain) October 26, 2023

At press time, Fartcoin is trading at $1.15, up 178% over the past month. However, the memecoin is still 54% below the all-time high of $2.51 reached in January.

The Solana-based memecoin currently has a market cap of a little over $1.15 billion.

Meanwhile, another trader has enjoyed an uninterrupted winning streak on Fartcoin trades, according to Lookonchain.

“This trader made five swing trades in Fartcoin, each of which was profitable, with a 100% win rate and a total profit of $669,000.”

This trader made five swing trades in $FARTCOIN, each of which was profitable, with a 100% win rate and a total profit of $669,000.

In the latest trade, he exchanged his 860,000 $FARTCOIN for 1,220,000 $TRUMP.

The trader has now swapped his Fartcoin holdings for Official Trump (TRUMP) memecoin in the latest trade.

“In the latest trade, he exchanged his 860,000 Fartcoin for 1,220,000 Trump at a price of about $1.0 (1.22 billion). After the trade, he had no Fartcoin left.”

Earlier today, Lookonchain also highlighted a whale who purchased Bitcoin and Ethereum worth millions of dollars on the trading platform Wintermute.

“It seems that a whale bought 30,000 ETH ($54 million) and 600 BTC ($56.7 million) through over-the-counter (OTC) today.

This whale transferred 54.9 million USDC and 56.94 million USDC to the Wintermute OTC wallet today, then received 30,000 ETH ($54 million) and 600 BTC ($56.7 million) from Wintermute.”