The recent activity concerning two trending digital assets—$DARK and $FARTCOIN—has drawn the focused attention of on-chain analysts and traders.
What was already a common occurrence in the ever-shifting meme coin and microcap token landscape has turned into something of a show—much like those that precede giant inflatable balloons drifting along a parade route in celebration of asset-based tokens. The smart money has surged in, and with it, noticeable whale behavior has emerged.
The native token of Dark Research AI, dubbed $DARK, has had an exciting journey since its inception. Launched on Pump.fun in early April, $DARK has, against all odds, built up and held onto a market cap that’s now well over $20 million. This is even more impressive when we consider how most other tokens from the same time period have either gone downhill or are struggling to hit the high seas again. If anything, the tale of $DARK just amps up our intrigue since it’s such an outlier, not just among tokens of its time but even among those launched with it on the same platform.
Did you guys notice?$DARK is the only token launched in April that's still holding above a $20M market cap on Pumpfun
Everything else from April has either faded or is struggling to keep up. pic.twitter.com/8vtcI1x2zo
— Stalkchain (@StalkHQ) April 18, 2025
$DARK’s most special attribute is its 1,100% increase in price since first being listed on BitgetOnchain on April 7. Today, what was previously explosive growth saw an even larger jump in momentum when $DARK was officially listed on Bitget’s main spot exchange at 12:00 UTC. This listing made it much easier for a larger group of retail investors and institutional traders to content themselves with a token that is now very much in the spotlight.
Whale Movements Indicate Exit Strategy?
Yet not all indications suggest that the upward momentum will continue. For example, in the past 24 hours, smart money has pivoted. $DARK is now the most bought token among top wallets. However, some major players appear to be hedging their bets. One impressive whale, who just the day before had secured a long position by accumulating a considerable amount of $DARK, has begun DCAing out of the position. This whale’s sell orders total roughly $170.56K.
Even whales are jeets—they don’t hold for long either.
The whale who bought $DARK earlier today is now DCA-selling #FARTCOIN worth $3.6M.
Interestingly, the same trader has also opened a DCA order to sell $DARK worth $170.56K.
Based on current smart money behavior, shorting… pic.twitter.com/DvS3xuGvWZ
— Stalkchain (@StalkHQ) April 17, 2025
Even more remarkably, the same trader has begun a DCA sell-off of $FARTCOIN—another meme coin that has recently enjoyed speculative enthusiasm. This position, worth about $3.6 million, suggests the trader may be preparing for a downturn in the overall market or, at minimum, a near-term corrective event.
Intelligent money monitors indicate a change that is both slight and very significant: while we still see smart money accumulating $DARK, it’s being gathered in small enough amounts that we’re led to believe the major holders of this token are currently not adding to their positions. Instead, the big wallets—those that hold the majority of a token’s supply—seem to be preparing some kind of exit strategy (with $DARK, at least) or are at the very least repositioning themselves into more stable, less volatile assets.
$DARK @darkresearchai is the most bought token by smart money in the last 24 hours pic.twitter.com/I8PxELSafR
— Stalkchain (@StalkHQ) April 17, 2025
Now, on the other hand, when we look at how simultaneously selling $FARTCOIN reinforces the possibility that both tokens are nearing whatever they see as their local tops, we begin to cook up some ideas as to why that might be.
These moves converging is notable. Driving price action in the short term might still be the retail attention and social buzz around an asset, but what signals the next price move better is how large holders and smart money are behaving. To see both $FARTCOIN and $DARK being offloaded, then, by a whale is to see a dwindling confidence in continued upside.
Potential Short Opportunity
Based on these developments, a few analysts and opportunistic traders are eyeing the prospect of shorting both tokens. $DARK’s meteoric gains over the last two weeks combined with $FARTCOIN’s suspiciously inflated market presence seem to be setting up for a nice correction. What kind of correction it will be—a soft pullback or a steep decline—is still a matter of speculation. Profit-taking, DCA exits, and a kind of smart money sentiment reversal that we’ve seen lately set the stage for a heightened volatility that could pop either or both of these ridiculous tokens.
Although speculative assets like $DARK and $FARTCOIN can behave illogically in the short term, when it comes to market behavior, on-chain activity tends to be a better indicator than tweets and Telegram hype. For traders watching closely, that could make for some (dare we say it?) “opportunities” in this emerging environment—again, especially for those who are willing to reach for the bat-phone, as it were, to play both sides of meme coin mania.
Extreme caution is, as always, warranted. What caused these tokens to surge could cause them to collapse, too. But for now, we’re fixated on what the smart money is doing and, more importantly, what it’s signaling. And the early signals in this story—are you ready?—are looking bearish.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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