Mystery Wallet Aligns $5M Fartcoin Wager With Expectations of Fed Rate Reduction

The wallet address identified as 0x71a0 has caught the eye of the market due to its substantial holdings in Fartcoin (FARTCOIN), boasting unrealized profits exceeding $5 million from long positions in

, , PUMP, and FARTCOIN. This address has placed a series of take-profit limit orders for FARTCOIN within the $0.6 to $1 price band, as detailed in a . This strategy is in step with growing market optimism, as Fartcoin recently climbed more than 20% from its October 23 low, now trading close to $0.386 and displaying a notable bullish divergence on its daily chart, according to a . Experts believe the token may revisit the crucial $0.40 support/resistance zone—a level that previously marked the beginning of its last rally, as per CryptoDnes.

This wallet’s tactics mirror a wider trend of speculative bets ahead of the U.S. Federal Reserve’s forthcoming interest rate announcement, where a 25-basis-point cut is widely anticipated. Open interest in Bitcoin has already surged to $37.63 billion, reflecting increased leveraged trading in the crypto sector. For Fartcoin, the $0.6 to $1 range aligns with a possible breakout scenario highlighted by technical analysts. Should the coin successfully retest $0.40, break above the descending trendline, and move toward $0.47, it could confirm a new upward trend, as noted by CryptoDnes.

Broader economic factors are also supporting market sentiment. The Federal Reserve is expected to wrap up its quantitative tightening policy—which reduces its balance sheet—a move that has historically benefited riskier assets. Both JPMorgan and Goldman Sachs have indicated that this program could end this month, according to CryptoDnes. As liquidity improves and borrowing costs decline, Fartcoin’s rally seems to be leading a larger market recovery. The coin’s 125% bounce from its October 10 lows highlights its volatility, but traders warn that profit-taking at resistance points like $0.2095 and the 200-day EMA could pose risks.

Although the 0x71a0 wallet’s approach resembles institutional strategies, individual investors should proceed with caution. The wallet’s $5 million in unrealized profits across several assets points to a diversified and speculative method, with ETH and SOL also presenting bullish patterns, according to a

. Nevertheless, the unpredictable nature of the crypto market means profits are never assured, and historical performance is not a guarantee of future outcomes, as highlighted in the Moomoo report.