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Whale Dumps WIF, BONK for Fartcoin – Is the AI Memecoin Set for Extra Gains?
In a move that has sent shockwaves throughout the crypto market, a whale has dumped their holdings of WIF and BONK to increase their long position in Fartcoin, sparking speculation about the coin’s potential future gains.
According to blockchain data analytics firm LookOnChain, the large player exchanged $1.03 million worth of WIF and $833K worth of BONK for Fartcoin, now holding an impressive 7.55 million Fartcoin tokens worth a staggering $9.36 million as of this writing.
This sudden and substantial shift in investment strategy has left many wondering if the whale believes AI memecoins will outperform their legacy counterparts in the year ahead.
The data suggests that Fartcoin, which has already topped December’s mindshare at 22%, is set to continue its impressive run. Cookie.fun, a platform providing insights into AI agent performance, shows that Fartcoin has been the top AI agent since mid-December, with a significant increase in mindshare from 10% to over 22%.
In fact, only AIXBT came close at 8%, while Virtual [VIRTUAL] trailed behind at 5%. It’s worth noting that this surge in popularity has directly correlated with Fartcoin’s impressive price performance.
Source: ambcrypto.com
