### Whale Dumps SWARMS#
Hot Topic Overview
Overview
Recently, the SWARMS project has experienced a whale dumping event. An early whale spent $2.18 million building a position over the past month, buying all the way up, even when the market cap surpassed $600 million. However, after a week of continuous price decline, the whale began to sell frequently, eventually dumping the last 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 and reflects the market pressure facing the SWARMS project recently.
Ace Hot Topic Analysis
Analysis
Recently, a whale dumping event occurred in the SWARMS project, attracting market attention. According to on-chain analysts, an early whale spent $2.18 million to accumulate SWARMS over the past month, and did not reduce their holdings even when the price broke through a market cap of $600 million. However, with the price continuously declining over the past week, the whale began to sell frequently, eventually dumping the last 7.42 million tokens at an average price of $0.1379, accumulating a profit of $860,000. This indicates that even early whales cannot completely avoid market risks. In the face of continuous price decline, even heavy holders will choose to exit. The whale dumping event also reflects a decline in market confidence in the SWARMS project, and the future development of the project remains to be observed.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Giant whales began dumping their SWARMS holdings as the coin's price continued to decline, indicating concerns about the market outlook.
Giant whales continued to build their positions in SWARMS during the coin's price rise, and even after it broke through a market cap of six billion dollars, they did not reduce their holdings, indicating their bullishness on the project.
The giant whales ultimately sold their holdings at an average price of $0.1379 per coin, realizing a profit of $860,000.
Giant whales spent $2.18 million building their positions in SWARMS over the past month, demonstrating their early investment confidence in the project.