BlockBeats reported on June 14th, according to monitoring by Onchain Lens, that a certain whale address spent 40.42 million USDC to purchase HYPE and FARTCOIN, comprising:
· HYPE: Bought 715,917 tokens at an average price of $41.16, totaling $29.47 million
· FARTCOIN: Bought 9.605 million tokens at an average price of $1.15, totaling $8.78 million
This whale address had previously bought SOL, BTC, and ETH, but later sold them at a loss to reallocate funds into HYPE and FARTCOIN, resulting in a loss of $2.17 million.