Whale dumps WIF, BONK for Fartcoin – Is the AI memecoin set for extra gains?
- A whale dumped WIF, and BONK to extend Fartcoin’s lengthy place to $9.3 million.
- The coin pumped 52% on Christmas Eve and topped AI agent mindshare.
A whale has doubled down on Fartcoin [FARTCOIN], dumping his dogwifhat [WIF] and Bonk [BONK] for the AI memecoin.
In line with blockchain knowledge analytics agency, LookOnChain, the big participant exchanged $1.03 million WIF and $833K BONK for Fartcoin. It now holds 7.55 million Fartcoin, price $9.36 million as of this writing.
This steered that the whale believed AI memecoins may outperform their legacy counterparts in 2025. However why Fartcoin and never different AI tokens?
Fartcoin tops December mindshare
Some merchants and traders have a tendency to choose robust performers primarily based on mindshare or buying and selling quantity, which each drive liquidity.
Since mid-December, Fartcoin has topped AI agent mindshare at 22% per Cookie.fun, a knowledge aggregation platform for brokers. Solely AIXBT got here shut at 8%, whereas Digital [VIRTUAL] got here third at 5%.
With the huge mindshare, Fartcoin has loved a powerful worth efficiency, flipping even the Goatseus Maximus [GOAT]. In truth, Fartcoin and GOAT have gained traction due to endorsement by the AI agent Fact Terminal.
Thus far in December, the coin has rallied almost 350%. After the whale transfer, the AI meme coin pumped 52% on Christmas Eve, maybe making it one of many outliers that loved a Santa rally.
Supply: FARTCOIN/USDT, TradingView
The current pump has successfully erased the early losses made in December however was near hitting the range-highs close to $1.4.
Any worth rejection on the vary excessive and a drop to the mid-range or range-lows might be an important shopping for alternative if it maintains a powerful mindshare.
That stated, derivatives data confirmed bullish market sentiment, with buying and selling quantity up 120% and open curiosity (OI) spiking to 45% up to now 24 hours.
Learn Fartcoin [FARTCOIn] Worth Prediction 2024-2025
This underscored that the Christmas Eve rally was additionally pushed by huge speculative buying and selling within the Futures market.
At press time, the short-term sentiment was nonetheless bullish, as proven by the overwhelming longs vs shorts per the Lengthy/Quick ratio.
Supply: Coinglass
