#SWARMS plummeted 28%#
Hot Topic Overview
Overview
SWARMS has plummeted 28.82% in the past three days, suspected to be due to the sale of 26.52 million tokens by three addresses, worth about $8.08 million. Among them, address HikmG...S2Yat sold 16.52 million tokens, one of its funding addresses has already profited $3.73 million, with 5 million tokens remaining at a profit of $1.256 million. The other two addresses, 384zS...g8RUL and BqbfX...k6pd1, sold 5 million tokens each, worth about $1.4 million and $1.52 million respectively. These addresses can be traced back to nine days ago or even earlier, suspected to be insider addresses or market maker addresses. Their selling behavior may be the main reason for the plunge of SWARMS.
Ace Hot Topic Analysis
Analysis
Recently, the price of SWARMS has plummeted by a staggering 28.82%. Monitoring data reveals that three addresses, suspected to be controlled by the same individual or entity, have offloaded a combined 26.52 million SWARMS tokens within the last three days, amounting to approximately $8.08 million. This massive sell-off is believed to be the primary driver of the price decline.Among these addresses, HikmG...S2Yat dumped 16.52 million tokens. One of the funding sources for this address has already sold off 75% of its holdings, generating a profit of $3.73 million. The remaining 5 million tokens are still generating a profit of $1.256 million, with a low cost basis of $0.02291.Furthermore, addresses 384zS...g8RUL and BqbfX...k6pd1 disposed of 5 million tokens each within the last 11 hours and two days, respectively. These sales brought in approximately $1.4 million and $1.52 million, respectively.Tracing the funding sources of these addresses reveals four distribution addresses, with positions established at least nine days ago, potentially belonging to insider or whale addresses. This information strongly suggests that the recent crash in SWARMS is likely linked to large-scale sell-off activities. Investors are advised to exercise caution and closely monitor market dynamics.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SWARMS plummeted 28% mainly due to three addresses, suspected to belong to the same person or entity, selling a total of 26.52 million tokens worth about 8.08 million USD in the past three days.
Among them, address HikmG...S2Yat sold 16.52 million tokens, one of its funding sources has already made a profit of 3.73 million USD, and the remaining 5 million tokens are still floating with a profit of 1.256 million USD.
The other two addresses, 384zS...g8RUL and BqbfX...k6pd1, sold 5 million tokens each, worth about 1.4 million USD and 1.52 million USD respectively.
These addresses were all built nine days ago or even earlier, and they may be insider addresses or market maker addresses. Their selling actions have led to the plummeting of SWARMS.