#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, and did not reduce their holdings even when the price broke through a market cap of $600 million. They only began selling frequently in the past week as the price continued to decline. Ultimately, they dumped their remaining 7.42 million tokens at an average price of $0.1379, making a total profit of $860,000. This event has drawn market attention and reflects the current market's concerns about the future prospects of the SWARMS project.
Ace Hot Topic Analysis
Analysis
Recently, the SWARMS project experienced a whale dumping event, drawing market attention. According to on-chain analysts, an early whale spent $2.18 million accumulating SWARMS over the past month, buying all the way up, even when the project's market cap exceeded $600 million. However, after the coin price continued to decline for nearly a week, the whale began to sell frequently, ultimately dumping the remaining 7.42 million tokens at an average price of $0.1379, resulting in a total profit of $860,000. This incident reflects that even early whales cannot accurately predict market trends, and even giants may choose to exit and stop losses when the coin price continues to decline. This incident also reminds investors that investment requires caution, avoid blindly chasing rallies and selling on dips, and most importantly, manage risk to prevent major losses.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Whales continued to accumulate during the SWARMS price surge, and they had not reduced their holdings even when the price broke through a market cap of six hundred million dollars.
Whales began to sell frequently after the price continued to decline for nearly a week, and they eventually liquidated their holdings at an average price of $0.1379.
Whales made a profit of $860,000 on their investment in SWARMS.
The whales' liquidation could have a negative impact on the SWARMS price.