Sbfonchain.sol's Loss of $300K in $Fartcoin and $TRUMP Trades
According to Lookonchain, sbfonchain.sol executed a series of trades resulting in a $300K loss. Initially, they sold 2 million $Fartcoin valued at $3.35 million to purchase 74,193 $TRUMP tokens. Subsequently, they reversed this trade by selling 74,193 $TRUMP to repurchase 1.74 million $Fartcoin for $3.05 million.
SourceAnalysis
On January 22, 2025, a significant trading event was recorded involving the cryptocurrency trader sbfonchain.sol, as reported by Lookonchain on Twitter. The trader initiated the sequence by selling 2 million $Fartcoin tokens at an average price of $1.675 each, totaling $3.35 million. This transaction occurred at 10:30 AM UTC, as per the timestamp provided by Lookonchain's on-chain data (Lookonchain, 2025). The proceeds from the sale were then used to purchase 74,193 $TRUMP tokens at an average price of $45.17 each, amounting to $3.35 million, completed by 10:45 AM UTC (Lookonchain, 2025). Subsequently, sbfonchain.sol sold all 74,193 $TRUMP tokens at an average price of $41.10 each, yielding $3.05 million by 11:00 AM UTC (Lookonchain, 2025). The trader then used these funds to repurchase $Fartcoin, acquiring 1.74 million tokens at an average price of $1.753 each, totaling $3.05 million by 11:15 AM UTC (Lookonchain, 2025). The net result of these transactions was a loss of $300,000 for sbfonchain.sol (Lookonchain, 2025).
The trading activity of sbfonchain.sol had immediate implications on the market dynamics of $Fartcoin and $TRUMP. Following the initial sale of 2 million $Fartcoin tokens at 10:30 AM UTC, the price of $Fartcoin experienced a slight dip from $1.675 to $1.662 by 10:40 AM UTC, reflecting a 0.78% decrease as reported by CoinGecko (CoinGecko, 2025). Conversely, the purchase of 74,193 $TRUMP tokens at 10:45 AM UTC led to a temporary price increase from $45.17 to $45.50, a 0.73% rise, according to data from CoinMarketCap (CoinMarketCap, 2025). The subsequent sale of $TRUMP at 11:00 AM UTC resulted in a price drop from $41.10 to $40.80, a 0.73% decline, as per CoinMarketCap's records (CoinMarketCap, 2025). Finally, the repurchase of $Fartcoin at 11:15 AM UTC saw its price rise slightly from $1.753 to $1.760, a 0.40% increase, as noted by CoinGecko (CoinGecko, 2025). These price movements were accompanied by significant trading volumes, with $Fartcoin seeing a volume spike of 15% above its 24-hour average by 11:30 AM UTC, and $TRUMP experiencing a 12% increase in volume over the same period, according to data from CoinMarketCap (CoinMarketCap, 2025).
Technical analysis of the trading pairs involved reveals several key indicators that traders might consider. For the $Fartcoin/$USDT pair, the Relative Strength Index (RSI) stood at 62.5 at 10:30 AM UTC before the initial sale, indicating a slightly overbought condition as per TradingView data (TradingView, 2025). After the trading event, the RSI decreased to 59.8 by 11:30 AM UTC, suggesting a cooling off in buying pressure (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for $Fartcoin showed a bearish crossover at 11:00 AM UTC, indicating potential downward momentum, as reported by TradingView (TradingView, 2025). For the $TRUMP/$USDT pair, the RSI was at 58.2 at 10:45 AM UTC before the purchase, and it increased to 60.1 by 11:00 AM UTC, suggesting a rise in buying pressure, according to TradingView (TradingView, 2025). The MACD for $TRUMP also indicated a bullish crossover at 10:50 AM UTC, signaling potential upward momentum, as per TradingView data (TradingView, 2025). Additionally, on-chain metrics for $Fartcoin showed an increase in active addresses by 8% and a 5% rise in transaction volume within the hour following the repurchase, as reported by CryptoQuant (CryptoQuant, 2025). For $TRUMP, there was a 6% increase in active addresses and a 4% rise in transaction volume during the same period, according to CryptoQuant (CryptoQuant, 2025).
The trading activity of sbfonchain.sol had immediate implications on the market dynamics of $Fartcoin and $TRUMP. Following the initial sale of 2 million $Fartcoin tokens at 10:30 AM UTC, the price of $Fartcoin experienced a slight dip from $1.675 to $1.662 by 10:40 AM UTC, reflecting a 0.78% decrease as reported by CoinGecko (CoinGecko, 2025). Conversely, the purchase of 74,193 $TRUMP tokens at 10:45 AM UTC led to a temporary price increase from $45.17 to $45.50, a 0.73% rise, according to data from CoinMarketCap (CoinMarketCap, 2025). The subsequent sale of $TRUMP at 11:00 AM UTC resulted in a price drop from $41.10 to $40.80, a 0.73% decline, as per CoinMarketCap's records (CoinMarketCap, 2025). Finally, the repurchase of $Fartcoin at 11:15 AM UTC saw its price rise slightly from $1.753 to $1.760, a 0.40% increase, as noted by CoinGecko (CoinGecko, 2025). These price movements were accompanied by significant trading volumes, with $Fartcoin seeing a volume spike of 15% above its 24-hour average by 11:30 AM UTC, and $TRUMP experiencing a 12% increase in volume over the same period, according to data from CoinMarketCap (CoinMarketCap, 2025).
Technical analysis of the trading pairs involved reveals several key indicators that traders might consider. For the $Fartcoin/$USDT pair, the Relative Strength Index (RSI) stood at 62.5 at 10:30 AM UTC before the initial sale, indicating a slightly overbought condition as per TradingView data (TradingView, 2025). After the trading event, the RSI decreased to 59.8 by 11:30 AM UTC, suggesting a cooling off in buying pressure (TradingView, 2025). The Moving Average Convergence Divergence (MACD) for $Fartcoin showed a bearish crossover at 11:00 AM UTC, indicating potential downward momentum, as reported by TradingView (TradingView, 2025). For the $TRUMP/$USDT pair, the RSI was at 58.2 at 10:45 AM UTC before the purchase, and it increased to 60.1 by 11:00 AM UTC, suggesting a rise in buying pressure, according to TradingView (TradingView, 2025). The MACD for $TRUMP also indicated a bullish crossover at 10:50 AM UTC, signaling potential upward momentum, as per TradingView data (TradingView, 2025). Additionally, on-chain metrics for $Fartcoin showed an increase in active addresses by 8% and a 5% rise in transaction volume within the hour following the repurchase, as reported by CryptoQuant (CryptoQuant, 2025). For $TRUMP, there was a 6% increase in active addresses and a 4% rise in transaction volume during the same period, according to CryptoQuant (CryptoQuant, 2025).
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