Whale Doubles Down on Fartcoin [FARTCOIN], Dumps Dogwifhat [WIF] and Bonk [BONK] for the AI Memecoin

A whale has doubled down on Fartcoin [FARTCOIN], dumping his dogwifhat [WIF] and Bonk [BONK] for the AI memecoin.

A large whale has doubled down on Fartcoin (FARTCOIN) while dumping Bonk (BONK) and dogwifhat (WIF) for the AI memecoin.

According to blockchain data analytics firm, LookOnChain, the large player swapped $1.03 million WIF and $833K BONK for Fartcoin. It now holds 7.55 million Fartcoin, valued at $9.36 million at the time of writing.

This suggested that the whale had high hopes for AI memecoins outperforming their legacy counterparts in 2025. But what led it to choose Fartcoin over other AI tokens?

Some traders and investors often pick top performers based on mindshare or trading volume, both of which drive liquidity.

From mid-December, Fartcoin has led AI agent mindshare at 22%, as shown by Cookie.fun, a data aggregation platform for agents. Only AIXBT came close at 8%, while Virtual (VIRTUAL) came third at 5%.

With the large mindshare, Fartcoin enjoyed a strong price performance, even flipping Goatseus Maximus (GOAT). In fact, Fartcoin and GOAT gained traction due to endorsement by the AI agent Truth Terminal.

So far in December, the coin rallied nearly 350%. After the whale move, the AI meme coin pumped 52% on Christmas Eve, possibly making it one of the outliers that enjoyed a Santa rally.

The recent pump erased the early losses made in December but was close to hitting the range-highs near $1.4.

Any price rejection at the range high and a drop to the mid-range or range-lows could present a good buying opportunity if it maintains a strong mindshare.

That said, derivatives data showed bullish market sentiment, with trading volume up 120% and open interest (OI) spiking to 45% in the past 24 hours.

This highlighted that the Christmas Eve rally was also driven by massive speculative trading in the Futures market.

At press time, the short-term sentiment was still bullish, as shown by the overwhelming longs vs shorts per the Long/Short ratio.