#SWARMS plunges $8.08 million#
Hot Topic Overview
Overview
SWARMS has plummeted 28.82% in the past three days, suspected to be due to the dumping of 26.52 million SWARMS by three addresses (possibly belonging to the same individual or entity), worth about $8.08 million. Among them, the address HikmG...S2Yat dumped 16.52 million, the address 384zS...g8RUL dumped 5 million, and the address BqbfX...k6pd1 dumped 5 million. The source of funds for these addresses can be traced back to nine days ago or even earlier, suspected to be insider addresses or market makers.
Ace Hot Topic Analysis
Analysis
Recently, the price of SWARMS has plummeted by as much as 28.82%. According to monitoring, three addresses suspected of belonging to the same individual or entity have sold a total of 26.52 million SWARMS in the past three days, worth about $8.08 million, which is believed to be the main reason for the price decline. Among them, address HikmG...S2Yat sold 16.52 million tokens, worth about $5.16 million. One of its funding addresses has already sold 75% of its holdings and made a profit of $3.73 million. The remaining 5 million tokens still have a floating profit of $1.256 million, with a cost as low as $0.02291. In addition, address 384zS...g8RUL sold 5 million tokens in the past 11 hours, worth about $1.4 million, and address BqbfX...k6pd1 sold 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 found, all of which were established nine days ago or even earlier, suspected to be insider addresses or market maker addresses.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SWARMS price decline is primarily driven by the sale of 26.52 million SWARMS over the past three days from three addresses suspected to be owned by the same person or entity, worth approximately USD 8.08 million.
The selling activity of these addresses has caused SWARMS to decline by 28.82% over the past three days.
One of these addresses, HikmG...S2Yat, has sold 16.52 million tokens over the past three days. One of its funding addresses has now sold 75% of its holdings, realizing a profit of USD 3.73 million. The remaining 5 million tokens still have an unrealized profit of USD 1.256 million, with a cost of USD 0.02291.
These addresses' funding can be traced back to four distribution addresses, with holdings established nine days ago or even earlier, suggesting they may be insider addresses / whale addresses.