FARTCOIN Whale Takes $2M Profit

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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%.

This type of large transaction on a decentralized aggregator like Jupiter Exchange highlights the significant liquidity available within the Solana memecoin ecosystem. A 25% return in just two weeks is a substantial gain, underscoring the high-risk, high-reward nature of this specific market.

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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 transfer of funds to a Coinbase deposit address is a notable move. It typically indicates a trader is moving profits off the decentralized network, possibly to convert into fiat currency or to hold on a centralized, regulated platform.

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The fact that this wallet has exclusively traded FARTCOIN suggests a highly focused strategy. Traders often use new, "clean" wallets for specific high-stakes trades to more easily manage and track the profit and loss of that single asset.

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).

On-chain analysis often reveals these funding connections. The link to a more active wallet suggests that DaCAZ is a seasoned operator who likely uses different addresses to organize and separate their various trading activities.