Solana memecoin trader, DaCAZ, just sold off 1,725.24M FARTCOIN tokens, or just over $2.05M worth, for USDC via Jupiter Exchange. The trader first acquired their stack of FARTCOIN only 2 weeks ago for ~$1.6M in USDC, locking in their return on investment on this trade at 25%.
After closing their position, DaCAZ continued by sending out $39.4K in USDC to a Coinbase deposit address, BGCue. The remainder of the USDC remains on the address, possibly waiting for another trade on FARTCOIN, which is the only token that this address has been trading since it became active 3 weeks ago. The address is linked to and funded by another Solana address, 6Y7GR, which has been actively trading other popular meme tokens including Housecoin (HOUSE) and Ava AI (AVA).
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