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Blockchain intelligence platform Lookonchain is highlighting a trader who has profited handsomely from trading in Fartcoin (FARTCOIN), a memecoin built in the Solana (SOL) ecosystem. According to Lookonchain, the unidentified trader is once again going long on the crypto asset and has purchased 488,000 Fartcoin at a total price of $563,000. The trader had previously booked millions of dollars in profits on a Fartcoin position he had invested in earlier when the memecoin was still a micro-cap. “This trader first aped into Fartcoin when its market cap was $32 million, making $4.9 million by buying low and selling high.” Source: Lookonchain/X Source: Lookonchain/X Fartcoin is trading at $1.15 at time of writing, up by around 178% over the past month, but around 54% below the all-time high reached in January. The Solana-based memecoin currently has a market cap of a little over $1.15 billion. The blockchain intelligence platform is also highlighting an...

The Ethereum Foundation sold $340,000 worth of 100 ETH again on November 12 – a controversial activity among Ethereum investors. However, a smart money trader has absorbed 100 times more of this sell pressure in a $34 million purchase. In particular, the smart money trader bought 10,364 ETH through multiple operations against Tether’s USDT, as reported by Lookonchain . These purchases happened as Ethereum (ETH) aggressively retraced by over 3% this morning, together with all other cryptocurrencies. Notably, Lookonchain has been monitoring this profitable whale through six different wallet addresses, trading 15 times since August 12. The smart money profited in 14 out of the 15 trades, amassing $4.95 million with a 93% win rate. Picks for you This is the event that will force MicroStrategy to sell Bitcoin, warns expert ...

Crypto whales are accumulating tens of millions of dollars worth of one Ethereum (ETH) rival from two top exchanges, according to on-chain data. Blockchain tracking firm Lookonchain reports that three deep-pocketed investors have suddenly accumulated nearly $35 million worth of Solana (SOL) from Binance and Kraken. “Whales are accumulating SOL! AA21…VxH9 withdrew 153,511 SOL ($26.4 million) from Binance in the past six days [from October 27th] and staked it. EHax…gAUa withdrew 35,498 SOL ($6.12 million) from Binance and Kraken in the past three days [from October 27th] and staked it. EGzi…mR7g withdrew 13,000.8 SOL ($2.3 million) from Binance [on October 27th] and currently holds 95,651 SOL ($16.83 million).” Solana is trading for $180 at time of writing, up 2.63% in the last 24 hours. Next up, Lookonchain reports that new wallets have suddenly accumulated more than 13 million Neiro on ETH (NEIRO), dubbed by the project as “...