#SWARMS plunged 28%#
Hot Topic Overview
Overview
SWARMS has plummeted 28.82% in the past three days, suspected to be due to the sale of 26.52 million tokens, worth approximately $8.08 million, by three addresses. Among them, address HikmG...S2Yat sold 16.52 million tokens, one of its funding addresses has already made a profit of $3.73 million; address 384zS...g8RUL sold 5 million tokens; address BqbfX...k6pd1 sold 5 million tokens. These three addresses may belong to the same person or institution, and their purchases can be traced back to nine days ago, suspected to be insider addresses or market makers.
Ace Hot Topic Analysis
Analysis
Recently, the price of SWARMS has plummeted by 28%, allegedly due to the dumping of 26.52 million SWARMS tokens by three addresses (potentially belonging to the same individual or entity) over the past three days, worth approximately $8.08 million. Among these, address HikmG...S2Yat has sold 16.52 million tokens (about $5.16 million) in the past three days. One of its funding addresses has currently sold off 75% of its holdings, generating 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 per token. Additionally, address 384zS...g8RUL has sold 5 million tokens in the past 11 hours, worth about $1.4 million, while address BqbfX...k6pd1 has sold 5 million tokens over the past two days, worth around $1.52 million. By tracing the origins of funds from these addresses, four distribution addresses can be found, with their initial investments dating back nine days or even earlier, potentially belonging to insider addresses or market manipulators. These massive sell-offs are believed to be the main driver behind the recent decline in SWARMS' price.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SWARMS plunged 28% mainly due to three addresses, which are suspected to belong to the same individual or institution, selling a total of 26.52 million SWARMS in the past three days, worth about $8.08 million.
One of the selling addresses, HikmG...S2Yat, has sold 16.52 million tokens in the past three days, and one of its funding addresses has profited $3.73 million, with the remaining 5 million tokens still profiting $1.256 million.
The other two addresses, 384zS...g8RUL and BqbfX...k6pd1, sold 5 million tokens in the past 11 hours and two days respectively.
These selling activities may be carried out by insider addresses or market maker addresses, as these addresses were established nine days ago or even earlier.