#Whale manipulation of SWARMS price#
Hot Topic Overview
Overview
Recently, a whale account 3EqUQ...xrU3s sold $2.1 million worth of SWARMS tokens at an average price of $0.2944 within 25 minutes, and then bought back 5.55 million tokens at $0.2799 six minutes ago. Due to the sell order being split into multiple transactions, while the buy order had two large transactions, the price of SWARMS first dropped by 16.6% and then quickly rose by 30%, resulting in a swing of 46.6%. This operation is suspected to be price manipulation by whales, which has attracted market attention.
Ace Hot Topic Analysis
Analysis
Recently, a whale account, 3EqUQ...xrU3s, was suspected of manipulating the price of SWARMS. The account sold $2.1 million worth of SWARMS (7.15 million tokens) at an average price of $0.2944 within 25 minutes, causing the price to drop by 16.6%. Subsequently, the account bought back 5.55 million SWARMS at $0.2799 six minutes ago, causing the price to surge by 30%, with a swing of 46.6%. Due to the sell orders being split into multiple transactions, while the buy orders were two large transactions, this operation method is considered typical price manipulation. This incident has attracted widespread attention from the community, with many people worried about whether they have been rug pulled. Currently, the incident is still fermenting, and the community is closely watching the subsequent developments.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A whale has been manipulating the price of SWARMS tokens by selling and buying in batches, causing significant price fluctuations.
The whale's manipulation has caused the price to drop and then rise, with a swing of up to 46.6%, potentially causing losses for some investors.
The whale's manipulation could have a negative impact on the SWARMS ecosystem and damage investor confidence.
Regulators should strengthen their oversight of the cryptocurrency market to prevent similar incidents from happening again.