- A smart trader re-entered Fartcoin with a $2.48M position after securing $4.9M profits during its early market cap surge.
- Fartcoin’s trading volume spiked to 16.229M as smart accumulation drove a breakout above $1.16 with bullish momentum.
- Fartcoin now approaches the $1.40 resistance level, fueled by renewed buying activity and strong Top 10 GMGN.AI rankings.
A high-profile trader who secured $4.9 million in realized profits from Fartcoin has aggressively re-entered the market. The wallet now holds 2.12 million Fartcoin valued at $2.48 million, signaling renewed bullish conviction amid rising price momentum.
Trader Rebuilds Fartcoin Holdings After Massive Profit-Taking
According to a post by Lookonchain, a smart trader spent 563,000 USDT in the past hour to acquire 488,000 Fartcoin. This move follows the trader’s earlier success buying Fartcoin when its market capitalization was just $32 million. Data shows the trader achieved a 142.4% return before partially exiting and reaccumulating during recent market strength.
Besides rebuilding the position, the trader now commands 2.12 million Fartcoin, equating to $2.48 million based on current prices. Transaction records indicate concentrated buying within a narrow one-hour window, reflecting intentional scaling into the asset. Volume metrics captured a 16.229 million surge alongside Fartcoin’s 18.42% 24-hour price gain.
The smart wallet’s balance on GMGN.AI now shows $5.4 million held mainly in SOL and Fartcoin. The trader’s 100% win rate over the past seven days and $4.9 million in total profits spotlight a disciplined strategy. Recent trading included four large buys between $1.15 and $1.16 per Fartcoin, averaging roughly $111,000 per transaction.
Fartcoin Breaks Out as Volume and Bullish Momentum Intensify
The Fartcoin 4-hour price chart displayed steady accumulation from $0.20 levels starting in November 2024. Candlestick formations illustrate a major breakout through $1.00 resistance, supported by multiple GMGN.AI green buy signals. Heavy buying pressure sustained bullish momentum through April, pushing Fartcoin above $1.16.
Historical data shows resistance near $1.40 and extended targets at $2.00 and $3.00 if momentum continues. Volume bars indicate healthy transactional interest, aligning with breakout confirmation patterns visible across multiple technical indicators. The asset’s audit status remains “Safe 4/4,” boosting investor confidence in ongoing participation.
Fartcoin currently ranks among GMGN.AI’s Top 10 assets with a 13.1% rating and a “Run” categorization. Recent smart money inflows reinforce bullish technical structures as traders capitalize on retracement opportunities. Resistance and support levels at $1.40 and $0.40, respectively, will guide near-term trading strategies.
