#SWARMS plunged $8.08 million#
Hot Topic Overview
Overview
Recently, the price of SWARMS has experienced a significant drop, falling by as much as 28.82%. Monitoring reveals that three addresses, suspected to be linked to the same individual or institution, have collectively sold 26.52 million SWARMS tokens over the past three days, valued at approximately $8.08 million. This is believed to be the main driving force behind the price decline. Among them, address HikmG...S2Yat dumped 16.52 million tokens, worth around $5.16 million, with one of its funding addresses already realizing a profit of $3.73 million. Address 384zS...g8RUL sold 5 million tokens, valued at approximately $1.4 million, and address BqbfX...k6pd1 sold 5 million tokens, worth about $1.52 million. These addresses began accumulating their holdings as early as nine days ago, suggesting they may belong to insider or whale accounts.
Ace Hot Topic Analysis
Analysis
Recently, the price of SWARMS has experienced a sharp decline, dropping by as much as 28.82%. Monitoring data shows that three addresses, suspected to belong to the same individual or institution, have collectively dumped 26.52 million SWARMS in the past three days, worth approximately $8.08 million, which is believed to be the primary driver of the price decline. Among them, address HikmG...S2Yat dumped 16.52 million tokens, worth about $5.16 million. One of its funding addresses has already sold 75% of its holdings, realizing a profit of $3.73 million. The remaining 5 million tokens still have an unrealized profit of $1.256 million, with a cost basis as low as $0.02291. Address 384zS...g8RUL dumped 5 million tokens in the past 11 hours, worth about $1.4 million. Address BqbfX...k6pd1 dumped 5 million tokens in two days, worth about $1.52 million. By tracing the source of funds for these addresses, four distribution addresses can be identified, with their initial purchases made nine days ago or even earlier, suspected to be insider addresses or whale addresses.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The main driving force behind the decline in SWARMS price is the sale of 26.52 million SWARMS, worth approximately 8.08 million USD, by three addresses suspected of belonging to the same individual or institution in the past three days.
One of the selling addresses, HikmG...S2Yat, sold 16.52 million tokens (approximately 5.16 million USD) in the past three days.
One of its funding addresses has already sold 75% of its holdings and made a profit of 3.73 million USD.
The remaining 5 million tokens are still up 1.256 million USD, with a cost as low as 0.02291 USD.
The other two addresses, 384zS...g8RUL and BqbfX...k6pd1, sold 5 million tokens each in the past 11 hours and two days, respectively, for approximately 1.4 million USD and 1.52 million USD.
By tracing the source of funds, four distribution addresses can be found.
They were built up nine days ago or even earlier, and may belong to insider addresses / market maker addresses.