#SWARMS plunged 28%#
Hot Topic Overview
Overview
SWARMS has plummeted 28.82% in the past three days, suspected to be due to the sell-off of 26.52 million SWARMS by three addresses (possibly belonging to the same person or entity), worth about $8.08 million. Among them, address HikmG...S2Yat sold 16.52 million tokens, and one of its funding addresses has already profited $3.73 million, with the remaining 5 million tokens still holding a profit of $1.256 million. The other two addresses, 384zS...g8RUL and BqbfX...k6pd1, sold 5 million tokens each. The funding sources of these addresses can be traced back nine days 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%. According to monitoring data, three addresses suspected to belong to the same individual or institution have collectively sold 26.52 million SWARMS in the past three days, worth approximately $8.08 million, which is considered the main driving force behind the price drop. Among them, address HikmG...S2Yat sold 16.52 million tokens, one of its funding addresses has already made a profit of $3.73 million, and the remaining position still has floating profits. The other two addresses, 384zS...g8RUL and BqbfX...k6pd1, sold 5 million tokens each. By tracing the source of funds, four accumulation addresses can be found, all of which were accumulated nine days ago or even earlier, potentially belonging to insider addresses/market makers. This information suggests that the recent SWARMS crash may be related to insider or institutional selling, and investors need to proceed with caution.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SWARMS plummeted 28% due to three addresses suspected to be owned by the same person or entity dumping 26.52 million tokens worth approximately $8.08 million in the last three days.
One of these addresses has already sold 75% of its holdings and earned $3.73 million in profit, while the remaining 5 million tokens are still up $1.256 million with a cost as low as $0.02291.
These addresses were all established nine days ago or earlier, and may belong to insider addresses / market maker addresses.
The decline in SWARMS's price could be due to the selling behavior of these addresses, changes in market sentiment, or other factors.