The crypto market remains abuzz as a whale recently made a major move, transferring millions of dollars' worth of #LaunchCoin and #Fartcoin into a freshly created wallet.
According to data shared by on-chain analytics platform Lookonchain, the whale withdrew $3.24 million in USD Coin (USDC) from the popular exchange Kraken into a new wallet opened just five days ago. The funds were then used to invest in two high-risk meme coins.
This strategic purchase quickly caught the market’s attention, putting Launchcoin and Fartcoin in the spotlight.
The whale acquired approximately 5.35 million Launchcoins (worth around $1.33 million) and 1.39 million Fartcoins (worth about $1.86 million).
Market analysts suggest this could be a sign that whales are increasingly eyeing meme coins, despite—or perhaps because of—their volatility and speculative nature.