#Whale manipulation of SWARMS price#
Hot Topic Overview
Overview
Recently, a whale address 3EqUQ...xrU3s is suspected of manipulating the price of SWARMS. The whale sold $2.1 million worth of SWARMS at an average price of $0.2944 within 25 minutes, and then bought back 5.55 million SWARMS 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%, resulting in a swing of 46.6%. This behavior has attracted the attention of the community, with many questioning whether the whale is manipulating the market and worrying about the potential losses it could cause to other investors.
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, 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%, resulting in a swing of 46.6%. This operation method is suspected of manipulating the price by taking advantage of market sentiment, which may lead to some investors being washed out during the price fluctuations. Currently, the incident has attracted widespread attention from the community, with many questioning whether the whale account's actions constitute market manipulation and calling for regulatory agencies to investigate.
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 plummet and surge in a short period of time, 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 the lack of regulation in the cryptocurrency market, and regulatory measures need to be strengthened to protect investor interests.