The Whale that Lost Money in Meme Coin Recovered Its Funds with a Rebuy Strategy! - Coin Bulletin

Recently, a whale that suffered significant losses in Fartcoin made a new move and gained a profit of 127 thousand dollars. Other whales are also showing interest in the same token.

According to the data from the crypto analysis platform Lookonchain, a whale that previously lost 701 thousand dollars from a Fartcoin transaction made another purchase on April 18, buying 2.22 million Fartcoins for 14,725 SOL ( approximately 1.98 million dollars). After this move, the whale entered a new loss of 297 thousand dollars but soon reversed the course.

The whale in question sold its 2.69 million Fartcoin for 2.47 million dollars about 3 hours ago, making a net profit of 127 thousand dollars. The whale, which bought the token at an average of 0.89 dollars, managed to close its position profitably by executing the sale at 0.92 dollars.

Interest in Fartcoin is increasing: New whale is also in action

According to another data shared by Lookonchain, a different whale has also invested in Fartcoin. This investor created a position of approximately 1.7 million dollars by purchasing 2 million Fartcoin at an average price of 0.85 dollars. The recent increase in whale interest indicates that sudden movements in the price of Fartcoin may be possible.