#Whale dumps SWARMS#
Hot Topic Overview
Overview
Recently, there was a whale dumping incident in the SWARMS project. An early whale had spent $2.18 million building a position over the past month, buying all the way up, even without reducing their holdings when the market cap surpassed $600 million. However, with the price falling consistently over the past week, the whale started selling frequently, eventually dumping the 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 and reflects the high volatility of the current market, urging investors to invest cautiously.
Ace Hot Topic Analysis
Analysis
Recently, the SWARMS project has seen a massive whale sell-off, attracting market attention. According to on-chain analysts, an early whale spent $2.18 million accumulating SWARMS over the past month, continuing to buy even 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 started selling frequently, eventually dumping the remaining 7.42 million tokens at an average price of $0.1379, realizing a profit of $860,000. This incident suggests that even early whales cannot completely avoid market risks, and even long-term investors may choose to take profits in a bearish market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Giant whales continued to build positions during the SWARMS price surge and did not reduce their positions even when the price broke through a market cap of six hundred million dollars.
Giant whales began selling frequently after the price continued to fall for nearly a week and eventually liquidated their positions at an average price of $0.1379.
Giant whales made a substantial profit on their investment in SWARMS, with a total profit of $860,000.
The liquidation of giant whales could have a certain impact on the SWARMS price.