A infamous wallet, sbfonchain.sol, displays renewed meme token job. Beforehand, the whale has been identified to be an early holder of peak memes, although no longer always reaching the real returns.
A Solana shallowness take care of, sbfonchain.sol, has been busy within yesterday, transferring funds into new meme tokens. The wallet, suspiciously named after the initials of Sam Bankman-Fried, is no longer essentially connected to the oldschool founding father of the FTX alternate. On the opposite hand, the wallet is spellbinding sufficient to trace for meme token insights, whereas showing indicators it can fill to also be connected to FTX in some invent. The wallet grew to become extremely active, correct because the FTX liquidator main wallet began sending out SOL to Binance and the Coinbase sizzling wallet, in preparation for the 2025 payout to collectors.
The self-take care of area used to be reserved on December 13, 2023, with a value of $20. Since then, sbfonchain.sol entered and exited a few meme token markets, most ceaselessly absorbing losses from harmful moves.
Solana whale moves into RIZZMAS
The Solana whale, equipped with hundreds and hundreds in USDC, made a recent harmful wager staunch into a correct-launched token. Rizzmas (RIZZMAS) rallied rapidly after sbfonchain.sol bought in, breaking out from $0.00002 to $0.00007.
Tokens take care of RIZZMAS can rally extra if the meme proves smartly-liked. This time spherical, sbfonchain.sol entered at a rather early stage, adding the new high-threat asset. The allocation to RIZZMAS used to be rather slight, correct $50,000. The earlier two transactions were at a bigger scale – a total of $1.1M disbursed to Fartcoin, and $995K to aquire CHILLGUY.
The self-take care of take care of holds 0.28% of the RIZZMAS present. Tracking the take care of by design of Bubblemaps showed a snapshot of a high-job cluster with one more take care of. The counterparty wallet holds 0.41% of the RIZZMAS present, a little bit of over 2B tokens.
What is even extra spellbinding, the counterparty wallet is also the holder of tokens bearing the ticker FTX, with the same logo because the defunct alternate. The tokens held in that wallet are no longer a random number – the proprietor has exactly 69,420 FTX tokens.
The brand new asset is handiest symbolically connected to the FTX market but raises suspicions of the identity of the meme token whales. That very same wallet is no longer an idle holder of FTX tokens, but an active supplier engaged in one more high-job procuring and selling cluster.
On the same time, the sbfonchain.sol wallet does no longer preserve any of the FTX meme tokens. FTX is an extremely volatile asset with correct $19K in liquidity locked, but tries to plot its plan among memes. The token used to be launched whereas legacy traders were still engaged with the usual-or-garden FTT token on Binance, amid rumors that the bull market can even lead to a relaunch of FTX in one more invent.
Conceitedness wallet identified for harmful moves within the previous 300 and sixty five days
Within the previous 24 hours, the sbfonchain.sol wallet bought WIF valued at $4.67M. Later, the supplier provided at a loss for $4.07M, prior to rolling over into new tokens. The supplier’s reach is to switch rapid between tokens, until managing to cease a a hit replace.
The wallet is no longer handiest losing – within about a hours of the WIF loss, a a hit replace liquidated CHILLGUY for SOL, later swapping the proceeds into USDC. Inner decrease than an hour, the wallet elevated its USDC holdings from $600K to $1.05K. The wallet provided 1.6M CHILLGUY for 3,707 WSOL. Additionally, sbfonchain.sol liquidated 1.6M UBC tokens for 668.76 SOL. The SOL used to be then traded by design of Jupiter for 1.048M USDC in total.
The sbfonchain.sol wallet is rarely any stranger to harmful meme token bets. In October, the wallet used to be the very best holder of MANYU tokens, correct sooner than promoting with out note, leading to a forty five% designate rupture. The harmful supplier provided at a loss, handiest to ape into AI coin for one more roll of the dice.
On the cease of September, sbfonchain.sol used to be among the very best patrons of MOODENG, as eminent by Nansen’s prognosis. Since then, the wallet divested all MOODENG and moved with out note into new tokens.
Support in Can also just, the same take care of jumped between WIF and one more harmful token, HAMMY. This used to be one amongst the first circumstances of the whale’s addiction of dumping tokens and rolling over into new holdings.
