Whale Withdraws $2M USDC from Bybit to Buy 2.125M FARTCOIN Tokens
A blockchain analytics platform, Onchain Lens, has identified a wallet linked to the wiftardio.sol address that withdrew 2 million USDC from Bybit and purchased 2.125 million FARTCOIN tokens at $0.94 each. This on-chain whale purchase of FARTCOIN marks a notable memecoin buy with a total value of approximately $2 million. The transaction highlights renewed interest in high-risk, high-reward tokens, driven by whales deploying stablecoins like USDC to capitalize on memecoin volatility. Traders should watch FARTCOIN’s price action following this significant inflow, as similar whale buys have triggered short-term price spikes. Key metrics: 2,125,000 FARTCOIN acquired, USDC stablecoin used, price per token at $0.94.
Bullish
This large whale purchase of FARTCOIN using 2 million USDC indicates strong demand and confidence in the token’s short-term upside. Historically, significant on-chain buys of memecoins have led to rapid price rallies as retail traders follow whales. The use of USDC highlights capital readiness, and similar events—such as Dogecoin and Shiba Inu whale buys—have triggered spikes in trading volume and price. While risk remains, the market reaction is likely bullish in the short term, with potential for profit-taking volatility. Long term, sustained price strength will depend on broader memecoin sentiment and additional whale activity.