#The price of the coin dropped $8,080,000.#
Hot Topic Overview
Overview
Recently, the price of SWARMS has experienced a significant decline, dropping by as much as 28.82%. Monitoring revealed that three addresses, suspected to belong to the same individual or entity, have collectively sold 26.52 million SWARMS tokens in the past three days, valued at approximately $8.08 million. This is considered a primary driver behind the price slump. Among them, address HikmG...S2Yat sold 16.52 million tokens, valued at around $5.16 million. One of its funding addresses has profited $3.73 million, with the remaining 5 million tokens still holding a profit of $1.256 million. The other two addresses sold 5 million tokens each, valued at approximately $1.4 million and $1.52 million respectively. These selling activities are suspected to be insider trading or market manipulation, leading to a significant drop in the SWARMS price.
Ace Hot Topic Analysis
Analysis
Recently, the price of SWARMS has dropped by 28.82%, suspected to be caused by the sale of 26.52 million SWARMS tokens by three addresses (potentially belonging to the same person or entity) over the past three days, worth approximately USD 8.08 million. Among them, address HikmG...S2Yat sold 16.52 million tokens (approximately USD 5.16 million) in the past three days. One of its funding addresses has sold 75% of its holdings and made 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 basis as low as USD 0.02291. Address 384zS...g8RUL sold 5 million tokens in the past 11 hours, worth approximately USD 1.4 million. Address BqbfX...k6pd1 sold 5 million tokens over two days, worth approximately USD 1.52 million. By tracing the funding sources of addresses 2 and 3, four distribution addresses can be found, all of which were established nine days ago or earlier, potentially belonging to insider addresses/market maker addresses.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Suspected insider trading or market manipulation led to a drop in coin price
Three addresses sold a total of 26.52 million SWARMS
worth approximately $8.08 million
The sell-off occurred within the past three days
leading to a 28.82% drop in the price of SWARMS
The source of funds for the selling addresses can be traced back nine days or even earlier
suspected to be insider addresses or market maker addresses