- A whale dumped WIF and BONK to increase Fartcoin’s long position to $9.3 million.
- The coin soared 52% on Christmas Eve and surpassed AI agents’ share of mind.
A whale doubled its bet Fartcoin (FARTCOIN)throwing his dog hat (WIF) And Bonk (BONK) for the AI memecoin.
According to blockchain data analytics company LookOnChain, the big player exchange $1.03 million WIF and $833,000 BONK for Fartcoin. He now holds 7.55 million Fartcoin, worth $9.36 million at the time of writing.
This suggests that the whale believed that AI memecoins could outperform their traditional counterparts in 2025. But why Fartcoin and not other AI tokens?
Fartcoin tops December rating
Source: Cookie.fun
Some traders and investors tend to select successful players based on their mindfulness or trading volume, both of which determine liquidity.
Since mid-December, Fartcoin has surpassed AI agent mindshare by 22% annually. Cookie.funa data aggregation platform for agents. Only AIXBT comes close at 8%, while Virtual (VIRTUAL) comes in third at 5%.
Thanks to the huge mind share, Fartcoin enjoyed strong price performance, even reversing the Goat Maximus (GOAT). In fact, Fartcoin and GOAT gained traction thanks to the endorsement of AI agent Truth Terminal.
So far in December, the coin is up almost 350%. Following the whale move, the AI meme coin rose 52% on Christmas Eve, perhaps making it one of the outliers that benefited from a Santa rally.
Source: FARTCOIN/USDT, TradingView
The recent rise effectively erased early losses recorded in December, but was on track to reach highs near $1.4.
Any price rejection at the high end of the range and a drop towards the middle or lows of the range could be a great buying opportunity if it maintains strong spirit share.
That said, derivative products data showed bullish market sentiment, with trading volume up 120% and open interest (OI) reaching 45% in the last 24 hours.
Read Fartcoin (FARTCOIn) Price Prediction 2024-2025
This highlights that the Christmas Eve rally was also driven by massive speculative trading in the futures market.
At press time, short-term sentiment was still bullish, as evidenced by the overwhelming opposition of long and short positions according to the Long/Short ratio.
Source: Coinglass
