#Coin price drops, suspected market manipulation#
Hot Topic Overview
Overview
Recently, the price of SWARMS has plummeted significantly, falling by 28.82%. According to monitoring, three addresses suspected of belonging to the same person or institution have collectively dumped 26.52 million SWARMS in the past three days, worth approximately $8.08 million, suspected to be the main driver of the price drop. Among them, the address HikmG...S2Yat dumped 16.52 million tokens, one of its funding addresses has already made a profit of $3.73 million, and the remaining position still has a floating profit of $1.256 million. The other two addresses, 384zS...g8RUL and BqbfX...k6pd1, dumped 5 million tokens respectively. These addresses were all established nine days ago or earlier, and may belong to insider addresses / market maker addresses.
Ace Hot Topic Analysis
Analysis
Recently, the price of SWARMS has experienced a significant decline, suspected to be a result of a "dumping" operation. Monitoring shows that three addresses, believed to be controlled by the same individual or institution, have collectively sold 26.52 million SWARMS over the past three days, worth approximately $8.08 million, which is considered the main driving force behind the price drop. Among these addresses, HikmG...S2Yat sold 16.52 million tokens, worth about $5.16 million. One of its funding addresses has already sold 75% of its holdings, generating a profit of $3.73 million. The remaining 5 million tokens are still holding a profit of $1.256 million, with a cost base as low as $0.02291. Additionally, address 384zS...g8RUL sold 5 million tokens in the past 11 hours, worth approximately $1.4 million. Meanwhile, address BqbfX...k6pd1 sold 5 million tokens over two days, worth about $1.52 million. Tracing the funding sources of these addresses reveals four accumulation addresses, all of which were established nine days ago or even earlier, and are potentially insider or market manipulator addresses.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Suspected large-scale selling of SWARMS tokens by institutions or individuals, leading to a 28.82% price drop.
Three addresses have collectively sold 26.52 million SWARMS tokens, worth approximately $8.08 million.
This is suspected to be the main driver behind the price drop.
One address, HikmG...S2Yat, sold 16.52 million tokens.
One of its funding sources has already profited $3.73 million, while the remaining position still has a profit of $1.256 million.
The funding sources of multiple addresses can be traced back to nine days ago or even earlier.
These addresses are suspected to be insider addresses or market makers.