Recently activated wallets on the Solana network moved over $8 million in coordinated trades involving Fartcoin and USDC. These transactions, completed within 18 hours, reveal behaviors characteristic of arbitrage and market-making.
Coordinated Trades and Market-Making Intentions
According to Lookonchain, a significant player spent $4.53 million USDC to acquire 3.72 million Fartcoin at an average price of $1.22. Trades were executed across two wallets handling large token flows.
Jupiter Aggregator Trade Data
A mirrored trade involved 549,881 Fartcoin valued at $667,000 sent to wallet 7xpzJKtgsX...BpabFYbXVM, which later returned 670,120 USDC to the same aggregator. These operations confirm algorithmic routing and asset interrelation.
Risk Analysis and Supply Imbalances for Traders
The synchronized actions suggest a low-risk arbitrage or liquidity provision strategy, prompting traders to monitor follow-through volumes on Fartcoin-USDC pairs. Any significant withdrawal or price slippage could signal strategic shifts.
With over $8 million rotated, the goal may involve liquidity depth testing or capital onboarding for future exchange-backed listings.
