Whale’s $6.47M FARTCOIN sale and SOL staking signals caution, balancing risk in Solana’s choppy market.
Wintermute’s SOL and FARTCOIN trades with the whale stabilize liquidity in volatile DeFi pools.
Whale’s USDC and FARTCOIN moves to SolFi and Orca show a strategic pivot to flexible DeFi yields.
A crypto whale sold 7.44 million FARTCOIN for 46,128.4 SOL, worth $6.47 million, and sent the proceeds to Stake.com. The wallet, AY4pMi8aQjxrD52QZBUm8rpdcrQL3rYs6fuhpgTw7XP4, holds 12,873 FARTCOIN valued at $11,500.
Whale’s FARTCOIN and SOL Trades
In a post by Onchain Lens, the whale’s address executed high-volume trades across exchanges and DeFi platforms in eight hours, with outflows of over $325,000. The largest transfer sent 298,340 USDC, worth $298,280, to SolFi’s SOL-USDC pool. Another 77,260 FARTCOIN, valued at $77,260, hit Orca’s SOL-FARTCOIN pool.
https://twitter.com/OnchainLens/status/1936578062268956814
Wintermute Market Making sent 6,940 SOL, worth $973,940, and 1.15 million FARTCOIN, valued at $1.07 million, to the whale. They later swapped 707.69 SOL for 115,580 FARTCOIN, exchanging $99,340 and $197,380. These moves show calculated liquidity plays in a shaky market.
Strategic DeFi Repositioning
Recent market shifts have pushed new priorities, with the whale repositioning Solana assets. According to Nansen AI, the wallet sent 41,500 FARTCOIN to Raydium and 24,050 SOL, worth $3,380, to Phantom. This diversifies exposure while tapping DeFi pools for yield.
The wallet moved 53,870 USDC, worth $53,060, to SolFi, favoring stablecoin-SOL pairs. This hedging between FARTCOIN, SOL, and USDC mirrors trends prioritizing liquidity. Such strategies aim to curb risk in volatile conditions.
Wintermute’s Market Stabilization
Wintermute’s transfers to the whale’s address highlight their market-making role. They sent 706.45 SOL, worth $99,160, paired with a 115,210 FARTCOIN outflow valued at $107,110. This confirms their focus on liquidity support.
Another trade with Phantom involved 6.82 SOL, worth $845.16, and 19,560 FARTCOIN, valued at $18,190. These rapid trades stabilize DeFi pools. Wintermute’s presence ensures smoother high-volume execution.
CeFi and DeFi Asset Flows
Other indicators point to mixed trends, with the whale cycling assets across platforms. The $6.47 million SOL deposit to Stake.com signals heavy staking. Meanwhile, 298,340 USDC and 77,260 FARTCOIN flowed to SolFi and Orca.
Nansen AI data shows a CeFi-DeFi flexibility strategy. The remaining 12,873 FARTCOIN, worth $11,500, hints at more trades. Outflows hit $325,000 in eight hours.
Final Outlook
The whale’s FARTCOIN dump and SOL moves reflect caution in Solana’s volatile market. Hedging across stablecoins and tokens suggests risk management. Wintermute’s role may stabilize liquidity, but market sentiment stays uncertain.
The post Whale Dumps $6.47M FARTCOIN for SOL, Shakes Solana: Key Trades to Watch appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
