A meme coin has witnessed a whopping 4,000% increase in its value in just two months. Despite a recent downturn, a well-known crypto analyst continues to hold a positive outlook on this coin.
What Happened: An anonymous trader who goes by the name of Altcoin Sherpa is persistently accumulating the Solana-based meme coin, Fartcoin (CRYPTO: FARTCOIN).
Altcoin Sherpa has been purchasing Fartcoin at approximately $0.80, with the goal of maintaining an average buying price of $0.80 or less.
Despite the coin’s recent 11% fall, the analyst remains optimistic, attributing his confidence to the coin’s strong meme potential.
“I’m filling a bit around $0.80ish, approaching my buys. Total buys = some at $1, more at $0.80, and I also moved some other buys to $0.65 in case they come. I want my average to be around $0.80 or lower though. Still think this is a good meme and I’m hopeful it doesn’t pull a goat/act/etc after being listed,” the crypto analyst shared on X.
Full story available on Benzinga.com
