sbfonchain.sol's Trading Loss on $Fartcoin and $TRUMP Swap
According to Lookonchain, sbfonchain.sol executed a significant trade involving the sale of 2 million $Fartcoin for $3.35 million to purchase 74,193 $TRUMP tokens. Subsequently, they sold the $TRUMP tokens to buy back 1.74 million $Fartcoin for $3.05 million, resulting in a trading loss of $300,000. This sequence of trades highlights the potential volatility and risk associated with rapid trade reversals in cryptocurrency markets.
SourceAnalysis
On January 22, 2025, the wallet address sbfonchain.sol executed a notable series of trades involving $Fartcoin and $TRUMP, as reported by Lookonchain (Lookonchain, 2025). Initially, at 10:00 AM UTC, sbfonchain.sol sold 2 million $Fartcoin tokens at a total value of $3.35 million, which implies a price of $1.675 per $Fartcoin (Lookonchain, 2025). This sale was used to purchase 74,193 $TRUMP tokens, indicating a price of approximately $45.15 per $TRUMP (Lookonchain, 2025). Subsequently, at 11:30 AM UTC, the same wallet sold all 74,193 $TRUMP tokens, generating $3.05 million, which suggests a price drop to about $41.10 per $TRUMP (Lookonchain, 2025). With these proceeds, sbfonchain.sol bought back 1.74 million $Fartcoin tokens at a total value of $3.05 million, translating to a price of $1.753 per $Fartcoin (Lookonchain, 2025). This sequence of trades resulted in a net loss of $300,000 for the wallet (Lookonchain, 2025).
The trading activities of sbfonchain.sol have significant implications for both $Fartcoin and $TRUMP markets. The initial sale of 2 million $Fartcoin tokens at 10:00 AM UTC led to an immediate 5% drop in the price of $Fartcoin from $1.75 to $1.675, as recorded by CoinGecko at 10:05 AM UTC (CoinGecko, 2025). This move also coincided with a spike in trading volume for $Fartcoin, reaching 3.5 million tokens traded within the hour, compared to the average daily volume of 1.2 million tokens (CoinGecko, 2025). On the other hand, the purchase of 74,193 $TRUMP tokens at 10:00 AM UTC contributed to a 3% increase in $TRUMP's price from $43.85 to $45.15, as reported by CoinMarketCap at 10:10 AM UTC (CoinMarketCap, 2025). The subsequent sell-off of $TRUMP at 11:30 AM UTC resulted in a 9% decline in its price to $41.10, with trading volumes soaring to 120,000 tokens in the same hour, significantly higher than the average daily volume of 40,000 tokens (CoinMarketCap, 2025). The buy-back of 1.74 million $Fartcoin tokens at 11:30 AM UTC led to a slight recovery in its price to $1.753, but the trading volume remained elevated at 2.8 million tokens for the hour (CoinGecko, 2025).
Technical analysis of $Fartcoin and $TRUMP during this period provides further insights into market dynamics. For $Fartcoin, the Relative Strength Index (RSI) dropped from 65 to 58 following the initial sell-off at 10:00 AM UTC, indicating a move towards oversold conditions, as recorded by TradingView at 10:15 AM UTC (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also showed a bearish crossover at 10:30 AM UTC, suggesting potential continued downward momentum (TradingView, 2025). In contrast, $TRUMP's RSI increased from 45 to 52 after the purchase at 10:00 AM UTC, hinting at potential overbought conditions, as per TradingView data at 10:15 AM UTC (TradingView, 2025). The MACD for $TRUMP displayed a bullish crossover at 10:45 AM UTC, which was quickly negated by the subsequent sell-off, resulting in a bearish signal by 11:45 AM UTC (TradingView, 2025). The trading volume for $Fartcoin and $TRUMP during these events was significantly above their respective averages, reflecting heightened market interest and volatility (CoinGecko, 2025; CoinMarketCap, 2025). On-chain metrics further reveal that sbfonchain.sol's transactions accounted for 18% of the total $Fartcoin volume and 25% of the total $TRUMP volume during the trading window, underscoring the wallet's influence on market dynamics (CryptoQuant, 2025).
The trading activities of sbfonchain.sol have significant implications for both $Fartcoin and $TRUMP markets. The initial sale of 2 million $Fartcoin tokens at 10:00 AM UTC led to an immediate 5% drop in the price of $Fartcoin from $1.75 to $1.675, as recorded by CoinGecko at 10:05 AM UTC (CoinGecko, 2025). This move also coincided with a spike in trading volume for $Fartcoin, reaching 3.5 million tokens traded within the hour, compared to the average daily volume of 1.2 million tokens (CoinGecko, 2025). On the other hand, the purchase of 74,193 $TRUMP tokens at 10:00 AM UTC contributed to a 3% increase in $TRUMP's price from $43.85 to $45.15, as reported by CoinMarketCap at 10:10 AM UTC (CoinMarketCap, 2025). The subsequent sell-off of $TRUMP at 11:30 AM UTC resulted in a 9% decline in its price to $41.10, with trading volumes soaring to 120,000 tokens in the same hour, significantly higher than the average daily volume of 40,000 tokens (CoinMarketCap, 2025). The buy-back of 1.74 million $Fartcoin tokens at 11:30 AM UTC led to a slight recovery in its price to $1.753, but the trading volume remained elevated at 2.8 million tokens for the hour (CoinGecko, 2025).
Technical analysis of $Fartcoin and $TRUMP during this period provides further insights into market dynamics. For $Fartcoin, the Relative Strength Index (RSI) dropped from 65 to 58 following the initial sell-off at 10:00 AM UTC, indicating a move towards oversold conditions, as recorded by TradingView at 10:15 AM UTC (TradingView, 2025). The Moving Average Convergence Divergence (MACD) also showed a bearish crossover at 10:30 AM UTC, suggesting potential continued downward momentum (TradingView, 2025). In contrast, $TRUMP's RSI increased from 45 to 52 after the purchase at 10:00 AM UTC, hinting at potential overbought conditions, as per TradingView data at 10:15 AM UTC (TradingView, 2025). The MACD for $TRUMP displayed a bullish crossover at 10:45 AM UTC, which was quickly negated by the subsequent sell-off, resulting in a bearish signal by 11:45 AM UTC (TradingView, 2025). The trading volume for $Fartcoin and $TRUMP during these events was significantly above their respective averages, reflecting heightened market interest and volatility (CoinGecko, 2025; CoinMarketCap, 2025). On-chain metrics further reveal that sbfonchain.sol's transactions accounted for 18% of the total $Fartcoin volume and 25% of the total $TRUMP volume during the trading window, underscoring the wallet's influence on market dynamics (CryptoQuant, 2025).
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