#Whale Dumps SWARMS#

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Overview

Recently, the SWARMS project experienced a whale dump event. An early whale spent $2.18 million building a position over the past month, buying all the way up. They did not reduce their holdings even when the token price broke through a market cap of $600 million. It was only when the price began to decline continuously over the past week that they started to sell frequently. Ultimately, they dumped their final 7.42 million tokens at an average price of $0.1379, resulting in a total profit of $860,000. This event has drawn market attention and reflects the market pressure faced by the SWARMS project recently.

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Analysis

Recently, the SWARMS project has experienced a whale dumping event. According to on-chain analysts, an early whale spent $2.18 million accumulating SWARMS over the past month, continuing to add to their position as the price rose. They even held their position when the market cap surpassed $600 million. However, after a week of continuous price decline, the whale began to sell frequently, eventually selling their remaining 7.42 million tokens at an average price of $0.1379, resulting in a total profit of $860,000. This event has attracted market attention, with some speculating that the whale dumped due to concerns about the project's future development, while others believe it was simply a profit-taking move. Regardless of the reason, the whale's dumping has had a negative impact on the price of SWARMS and reflects a lack of confidence in the project from the market.

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Classic Views

Giant whales have made huge profits on SWARMS

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Giant whales started to liquidate their holdings only when the price of the coin continued to fall

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Giant whales' investment strategy on SWARMS is to first build positions, then continue to buy when the price rises, and finally liquidate their holdings when the price falls

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Giant whales' liquidation behavior may have a negative impact on the price of SWARMS

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