#Whale manipulation of SWARMS price#
Hot Topic Overview
Overview
Recently, a whale address 3EqUQ...xrU3s was found suspected of manipulating the SWARMS price. The whale sold $2.1 million worth of SWARMS (7.15 million 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 orders being split into multiple transactions, while the buy orders were two large transactions, the price first dropped by 16.6% and then quickly rose by 30%, with a swing of 46.6%. This behavior has attracted the attention of the community, and many people are worried about being affected by the whale's manipulation, even being "washed out".
Ace Hot Topic Analysis
Analysis
Recently, a whale address 3EqUQ...xrU3s sold $2.1 million worth of SWARMS tokens (7.15 million) at an average price of $0.2944 in just 25 minutes. Subsequently, six minutes ago, the same address bought back 5.55 million SWARMS tokens at $0.2799. Due to the sell order being split into multiple transactions and the buy order being two large transactions, SWARMS price first dropped by 16.6% and then quickly surged by 30%, resulting in a swing of 46.6%. This operation has sparked market concerns about price manipulation by the whale, with many believing that it used large funds to "scam" investors, leading to significant losses for many during the price fluctuations. Currently, the incident is still brewing, and market concerns about whale price manipulation are growing.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A whale manipulated the price by selling and buying SWARMS in batches, causing significant price fluctuations.
The whale's manipulation caused the price to plummet and surge within a short period, with a swing of up to 46.6%.
The whale's manipulation could lead to significant losses for investors, especially those who were washed out during the price drop.
The whale's manipulation exposes the risks of a lack of regulation and transparency in the cryptocurrency market. It is necessary to strengthen regulation and improve mechanisms to prevent such incidents from happening.