"The legendary whale sbfonchain.sol returns to the battlefield, and the trading volume of the popular meme token on the Solana chain has surged!" As one of the most active high-risk wallets on the Solana chain, sbfonchain.sol has purchased 3.25 million FARTCOIN in the past 24 hours, with a total cost of about 19,103 SOL and an average price of $1.17. This operation occurred after the token price fell back from the recent high of $1.27 to $0.94, and it was obviously intended to buy on dips. However, affected by recent market fluctuations, the position has shrunk slightly to $3.097 million.
FARTCOIN has aroused heated discussions in the past month with its unique combination of AI and meme. Its market value has exceeded $1 billion and gradually occupied a seat on mainstream exchanges. Recently, the token has been listed on the KuCoin and OKX perpetual futures markets, and it has also entered the dy/dx futures platform. This AI-narrative-based meme asset has attracted more than 51,000 holders, further consolidating its market position.
Since May, the sbfonchain.sol wallet has become famous for its bold investment style - from Moodeng (MOODENG) to DogWifHat (WIF), it has repeatedly attempted quick arbitrage operations. This transaction for FARTCOIN may continue its short-term style, quickly taking profits or stopping losses. Although the results of previous transactions have been mixed, sbfonchain.sol has always been known for driving market sentiment and can be regarded as a weathervane for meme trading.
Behind the success of FARTCOIN is the market's high pursuit of meme culture and artificial intelligence narratives. Despite the overall cooling of the current meme market, the high popularity and strong performance of the token indicate that a new wave of meme craze is brewing.
The market is changing, and only those who dare to chase the trend can seize the opportunity. Follow Jiaoshou and explore the novelties and adventures in the crypto market together!
