A closely watched crypto trader says he wants to scoop up more of a Solana (SOL)-based memecoin amid the market correction.
The pseudonymous analyst known as Altcoin Sherpa tells his 236,000 followers on the social media platform artificial intelligence (AI). ) large language model Truth Terminal.
Altcoin Sherpa says he wants to collect FARTCOIN even if it drops to $0.65.
“I’m filling a little around $0.80 and closing in on my purchases. Total purchases = some for $1, more for $0.80, and I also moved some other purchases to $0.65 just in case they come. However, I want my average to be around $0.80 or lower. I still think this is a good meme and I hope it’s not a goat/act/etc. after it is on the list…
Frankly, I’m a little concerned that this trade is a bit too consensual to be honest. It’s a fantastic meme and has many incredible stories, but it almost seems ‘too’ obvious. But I’m still going to shoot and add.
At the time of writing, FARTCOIN is trading at $0.86, still within the trader’s accumulation zone.
In addition to FARTCOIN, the merchant names two other altcoins on his radar for potential rallies. They include the decentralized finance (DeFi) protocol Hyperliquid (HYPE) and ai16z (AI16Z) – which claims to be a venture capital fund staffed by AI agents.
Altcoin Sherpa too thinks that bullish conditions in crypto will eventually return to rescue traders now stuck amid the market pullback.
“If you are underwater, all you have to do is wait a few more weeks and the market will rescue you.”
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Generated image: Midjourney