#SWARMS Plunge#

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Overview

SWARMS has recently experienced a significant decline, with its price falling by 28.82% in the past three days. Monitoring revealed that three addresses, suspected to belong to the same individual or entity, have collectively dumped 26.52 million SWARMS tokens in the last three days, worth approximately $8.08 million, potentially driving the price drop. Among these addresses, HikmG...S2Yat dumped 16.52 million tokens, 384zS...g8RUL dumped 5 million tokens, and BqbfX...k6pd1 dumped 5 million tokens. The source of funds for these addresses can be traced back to four distribution addresses, which accumulated tokens nine days ago or earlier, possibly indicating insider or whale addresses.

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Analysis

Recently, the price of SWARMS has plummeted by 28.82%. According to monitoring data, three addresses suspected to belong to the same person or institution have collectively sold 26.52 million SWARMS in the past three days, worth about $8.08 million, suspected to be the main driving force behind the price decline. Among them, the address HikmG...S2Yat sold 16.52 million tokens, and one of its funding addresses has already 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. In addition, addresses 384zS...g8RUL and BqbfX...k6pd1 sold 5 million tokens each, worth about $1.4 million and $1.52 million respectively. By tracing the source of funds, four distribution addresses can be found, with their positions established nine days ago or even earlier, possibly belonging to insider addresses/whale addresses. This information suggests that the recent decline in SWARMS may be related to large-scale selling, and investors need to pay close attention to market dynamics.

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SWARMS

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recently

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dropped

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significantly

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suspected

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due

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to

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three

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addresses

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belonging

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SWARMS

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HikmG...S2Yat

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384zS...g8RUL

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sold

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