#Whale dumps SWARMS#
Hot Topic Overview
Overview
Recently, the SWARMS project has seen 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 the price continued to decline for nearly a week, the whale began to sell frequently, ultimately 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 recent high market volatility, urging investors to exercise caution in their investments.
Ace Hot Topic Analysis
Analysis
Recently, there has been a phenomenon of whale dumping in SWARMS, attracting market attention. 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 continued to rise, even when the market cap crossed $600 million. However, after the price fell consistently for a week, the whale started to sell frequently, eventually dumping the final 7.42 million tokens at an average price of $0.1379, netting a profit of $860,000. This event demonstrates that even early whales cannot completely avoid market risk, and even heavy holders may choose to exit when the price falls consistently. This incident also reminds investors that they should remain rational when investing in cryptocurrencies, avoiding blindly chasing gains and selling in panic, and most importantly, managing risks to prevent significant losses.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Giant whales continued to accumulate during the SWARMS price surge, and did not reduce their holdings even after the market cap exceeded six hundred million.
Giant whales began frequent sell-offs after a week of continuous price decline, eventually selling all their holdings and profiting.
The whale's sell-off may have some impact on the SWARMS price.
The whale's accumulation and sell-off behavior reflects the short-term volatility of the market towards SWARMS.