The crypto market has recently gone through a noteworthy whale activity with big investors accumulating $FARTCOIN. As per Onchain Lens, a couple of crypto whales spent up to $3.66M and $2.43M to acquire $FARTCOIN, igniting speculation about the potential price movement of the crypto token. The on-chain analytics platform took to social media to disclose this event.
Two Crypto Whales Acquire 5.5M and 2.84M $FARTCOIN, Underscoring Building Bullish Momentum
Onchain Labs mentioned that the whales acquired 5.5M $FARTCOIN and 2.84 M $FARTCOIN in total. The respective enormous $FARTCOIN buyouts have triggered noteworthy speculation about the likely impact on the price movement. The on-chain analytics reveal that the whale having the wallet address “8tPb2titXfxh3W5R3fr2zidsiGACJ69Uua35tLrd5dhk” has specifically spent nearly 14,779 $JITOSOL for the acquisition. In this respect, this amount, equaling $3.66M, the whale obtained almost 5.5M $FARTCOIN.
As a result of this acquisition, the whale currently holds a cumulative 8.39M $FARTCOIN. This figure reportedly accounts for $5.52M. Subsequently, the 2nd whale also carried out the purchase of $FARTCOIN. This whale, having the wallet address “Dw23R9GTPiT16ehAt3TaKQtjNtqUkGi7BsuSbwxgn2ia” bought a total of 2.84M $FARTCOIN by spending 2.43M $USDC. This wallet is newly created likely by a high-net-worth individual or an institution.
These enormous $FARTCOIN purchases highlight the growing interest in the crypto asset. Investors often consider such accumulation activities as a bullish sign. These developments mostly denote rising confidence in $FARTCOIN’s long-term potential.
Possible Effect of Big $FARTCOIN Accumulations Remains to Be Witnessed
According to Onchain Lens, this is a noteworthy development for the further price progress of $FARTCOIN. Keeping this in view, the likely continuation of this trend could pave the way for an anticipated price surge. Moreover, the upcoming developments concerning $FARTCOIN could also be a big contributor to these large accumulation activities. However, the possible impact of this development remains to be seen.
