#SWARMS Whale Exits#
Hot Topic Overview
Overview
Recently, the SWARMS project has experienced a whale exit phenomenon. An early whale spent $2.18 million building a position in SWARMS over the past month, and did not reduce its holdings even as the price rose to a market cap of over $600 million. However, as the price has continued to decline over the past week, the whale has begun selling frequently, eventually dumping its final 7.42 million tokens at an average price of $0.1379, for a total profit of $860,000. This event has sparked market concerns about the future trajectory of the SWARMS project, and reflects a declining market confidence in the project's prospects.
Ace Hot Topic Analysis
Analysis
Recently, there was an event of an early whale leaving the SWARMS project. This whale spent $2.18 million in the past month to accumulate SWARMS at an average price of $0.0676, and did not reduce their holdings even when the project's market cap exceeded $600 million. However, as the price has been continuously declining over the past week, the whale began to sell frequently, eventually clearing their remaining 7.42 million tokens at an average price of $0.1379, resulting in a total profit of $860,000. This event has sparked market concerns about the SWARMS project and reflects the market risks the project faces after experiencing rapid growth.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Early
whales
in
SWARMS
sold
their
holdings
for
profit
after
the
coin
price
continued
to
decline
Whales
have
spent
2.18
million
dollars
building
positions
in
SWARMS
over
the
past
month
and
had
not
reduced
their
holdings
when
the
coin
price
broke
through
a
market
cap
of
600
million
dollars
The
whales
eventually
sold
their
holdings
at
an
average
price
of
0.1379
dollars
and
made
a
total
profit
of
860
thousand
dollars
The
whales
exiting
may
indicate
that
the
short
term
price
trend
of
SWARMS
is
not
optimistic