#Whale manipulation of SWARMS price#
Hot Topic Overview
Overview
Recently, a whale account, 3EqUQ...xrU3s, was suspected of manipulating the price of SWARMS. The account sold $2.1 million worth of SWARMS tokens (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 order being split into multiple transactions, while the buy order was close to two large transactions, the price first dropped by 16.6% and then quickly rose by 30%, resulting in a swing of 46.6%. This behavior has attracted the attention of the community, with many suspecting that the whale account deliberately manipulated the price, potentially causing some investors to be "washed out".
Ace Hot Topic Analysis
Analysis
Recently, a whale named 3EqUQ...xrU3s is suspected of manipulating the price of SWARMS. The whale sold $2.1 million worth of SWARMS tokens (7.15 million) 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 was close to two large transactions, the price first dropped by 16.6% and then quickly rose by 30%, with a swing of 46.6%. This operation caused the price of SWARMS to fluctuate wildly, and many investors may have been washed out as a result. This incident has raised concerns about whale manipulation of the market, and also reminds investors to be cautious when investing in cryptocurrencies and avoid blindly following the trend.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A whale has been manipulating the price of SWARMS by selling and buying in batches, causing significant price fluctuations.
The whale's manipulation caused the price to drop by 16.6% before quickly rising by 30%, resulting in a swing of 46.6%.
The whale's manipulation may have caused some investors to be washed out, resulting in losses.
The whale's manipulation has raised concerns about the price stability and market transparency of SWARMS.