#Coin price is falling.#
Hot Topic Overview
Overview
Recently, the price of SWARMS has seen a significant decline, dropping by 28.82%. Monitoring revealed that three addresses, suspected to belong to the same individual or entity, have collectively sold 26.52 million SWARMS in the past three days, worth approximately $8.08 million. This is believed to be the primary driver of the price decline. Among these addresses, HikmG...S2Yat has sold 16.52 million tokens. One of the funding addresses associated with this account has already profited $3.73 million, and its remaining holdings still hold an unrealized profit of $1.256 million. Additionally, address 384zS...g8RUL and BqbfX...k6pd1 sold 5 million tokens each, valued at approximately $1.4 million and $1.52 million respectively. These selling activities likely contributed to the downward trend in the price of SWARMS.
Ace Hot Topic Analysis
Analysis
Recently, the price of SWARMS has dropped by 28.82%, allegedly due to the sale of 26.52 million SWARMS in the past three days by three addresses suspected to belong to the same person or entity, worth approximately $8.08 million. Among them, the address HikmG...S2Yat sold 16.52 million, the address 384zS...g8RUL sold 5 million, and the address BqbfX...k6pd1 sold 5 million. According to analysis, one of the funding addresses of HikmG...S2Yat has sold 75% of its position and made a profit of $3.73 million, with the remaining 5 million still floating at a profit of $1.256 million, with a cost as low as $0.02291. By tracing the funding sources of addresses 2 and 3, four distribution addresses can be found, with their positions established nine days ago or even earlier, which may belong to insider addresses/whale addresses.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The main driver of the price drop may be large-scale sell-offs.
Three addresses, which are suspected to belong to the same person or institution, have sold a total of 26.52 million SWARMS in the past three days.
The sell-off may be from insider addresses or market makers.
The sell-off has caused SWARMS to drop 28.82% in the past three days.