Whale Sells 7.44M FARTCOIN for 46,128 SOL (~$6.47M)

Published: 2025-06-22 00:39:52 |

On June 22, on-chain monitor Onchain Lens recorded a large memecoin transaction: a Solana whale sold 7.44 million FARTCOIN for 46,128.4 SOL (approximately $6.47 million) and transferred the proceeds to the Stake.com platform. After the sale, the whale’s wallet still holds 12,873 FARTCOIN (worth about $11,500). This move highlights ongoing whale activity in memecoins on Solana and may signal profit-taking or reallocation of capital within the memecoin sector.

Neutral

While a large whale sale of 7.44 million FARTCOIN creates short-term selling pressure on the memecoin, the relatively small remaining position and niche status of FARTCOIN limit broader market impact. Similar whale exits in memecoins have caused brief volatility but seldom shift wider crypto market trends. Traders may see a transient price dip, but the long-term effect is likely muted by overall Solana network activity and memecoin speculation.