#SWARMS plunged 28%#
Hot Topic Overview
Overview
SWARMS has plunged 28.82% in the past three days, suspected to be due to the sale of 26.52 million tokens, worth about $8.08 million, by three addresses. Among them, address HikmG...S2Yat sold 16.52 million, address 384zS...g8RUL sold 5 million, and address BqbfX...k6pd1 sold 5 million. The source of funds for these addresses can be traced back to four distribution addresses, with positions established nine days ago or even earlier, suspected to be insider addresses or market maker addresses.
Ace Hot Topic Analysis
Analysis
Recently, the price of SWARMS has plummeted by a significant 28.82%. Monitoring data reveals that three addresses, suspected to belong to the same individual or entity, have collectively dumped 26.52 million SWARMS in the past three days, amounting to approximately $8.08 million. This massive sell-off is believed to be the primary driver behind the price decline. Among these addresses, HikmG...S2Yat sold off 16.52 million tokens, valued at around $5.16 million. One of the source addresses for this dump has already sold 75% of its holdings, realizing a profit of $3.73 million. The remaining 5 million tokens still hold an unrealized gain of $1.256 million, with a cost basis as low as $0.02291. Address 384zS...g8RUL has sold 5 million tokens in the past 11 hours, worth approximately $1.4 million. Meanwhile, address BqbfX...k6pd1 has dumped 5 million tokens over the past two days, valued at around $1.52 million. Tracing the origin of funds for these addresses reveals four distribution addresses, with initial investments made as early as nine days ago, hinting at potential insider or whale addresses. These large-scale sell-offs have led to a sharp decline in SWARMS' price, raising concerns about the future of this project within the market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The main reason for the decline in SWARMS price is that three addresses, which are suspected to belong to the same person or institution, have sold a total of 26.52 million tokens in the past three days, worth approximately $8.08 million.
The three addresses that have sold are HikmG...S2Yat, 384zS...g8RUL, and BqbfX...k6pd1.
HikmG...S2Yat sold 16.52 million tokens, 384zS...g8RUL sold 5 million tokens, and BqbfX...k6pd1 sold 5 million tokens.
One of the funding addresses for HikmG...S2Yat has already sold 75% of its holdings and made a profit of $3.73 million.
The remaining 5 million tokens are still floating at a profit of $1.256 million, with a cost as low as $0.02291.
By tracing the funding sources of addresses 2 and 3, four distribution addresses can be found.
The time of their initial investment was nine days ago or even earlier.
These addresses may belong to insider addresses/market makers.