LATEST2d ago
Whale Bet Backfires In Fartcoin Market 'Manipulation' Attempt
A trader attempted to manipulate $FARTCOIN with a massive 145.24M long position, per lookonchain. The position was spread across four wallets, suggesting coordination.
The move came during a sharp 27% price surge. But the rally quickly reversed into a steep crash.
The whale was liquidated within three hours. Total losses hit $3.02M as the trade collapsed.
However, short traders benefited from the sudden reversal.
Wallets 0x06ce and 0x4196 saw forced adjustments. They realized combined profits of around $849K.
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