#SWARMS plummeted 28%#
Hot Topic Overview
Overview
SWARMS has plummeted 28.82% in the past three days, suspected to be caused by the dumping of 26.52 million SWARMS by three addresses (possibly belonging to the same person or entity), worth approximately $8.08 million. Among them, address HikmG...S2Yat dumped 16.52 million, address 384zS...g8RUL dumped 5 million, and address BqbfX...k6pd1 dumped 5 million. The funds of these addresses can be traced back to 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 experienced a significant drop, plummeting by 28.82%. According to monitoring data, three addresses, suspected to belong to the same individual or entity, have collectively sold 26.52 million SWARMS in the past three days, worth approximately $8.08 million. This massive sell-off is considered the primary driver behind the price decline. Among these addresses, HikmG...S2Yat sold 16.52 million tokens, worth around $5.16 million. One of its funding sources has generated $3.73 million in profits, while the remaining position still boasts a profit of $1.256 million. The other two addresses, 384zS...g8RUL and BqbfX...k6pd1, sold 5 million tokens each, worth approximately $1.40 million and $1.52 million, respectively. By tracing the origins of these funds, four accumulation addresses have been identified. These addresses accumulated their holdings nine days ago or even earlier, suggesting they may be insider addresses or market manipulators. This information indicates that the recent SWARMS crash may be linked to the large-scale sell-off, and the orchestrators behind it might have exploited insider information or financial advantages for profit.
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Public Sentiment
Discussion Word Cloud
Classic Views
The main reason for the 28% plunge in SWARMS may be that three addresses, suspected to belong to the same person or entity, have sold a total of 26.52 million SWARMS in the past three days, worth about 8.08 million US dollars.
The three addresses that sold are HikmG...S2Yat, 384zS...g8RUL and BqbfX...k6pd1, of which 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 of HikmG...S2Yat has already sold 75% of its holdings and made a profit of 3.73 million US dollars, with the remaining 5 million tokens still floating at a profit of 1.256 million US dollars, with a cost as low as 0.02291 US dollars.
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 even earlier, and may belong to insider addresses / market maker addresses.