#Whale dumps SWARMS#
Hot Topic Overview
Overview
Recently, the SWARMS project experienced a whale dumping phenomenon. An early whale spent $2.18 million building a position over the past month, buying all the way up, even without reducing their holdings when the market cap exceeded $600 million. However, after the price continued to decline for nearly a week, the whale began selling frequently, ultimately dumping the last 7.42 million tokens at an average price of $0.1379, realizing a total profit of $860,000.
Ace Hot Topic Analysis
Analysis
Recently, the SWARMS project has witnessed a whale dumping event, drawing attention from the market. According to on-chain analysts, an early whale accumulated a position at an average price of $0.0676, pouring $2.18 million in the past month, continuously buying even when SWARMS' market cap surpassed $600 million. However, after the price decline for the past week, this whale started selling frequently, ultimately dumping the remaining 7.42 million tokens at an average price of $0.1379, realizing a total profit of $860,000. This incident indicates that even early whales cannot completely avoid market risks. Even heavy holders may choose to exit in the face of continuous price drops, serving as a wake-up call for investors, reminding them to be cautious and manage risks effectively during their investment journey.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Giant whales established early positions in SWARMS and held them all the way, only starting to sell frequently when the price dropped.
The whale's dumping could lead to a decline in the SWARMS price.
The whale's dumping may indicate risks in the SWARMS project.
The whale's dumping may reflect a decline in market confidence in the SWARMS project.