#Whale manipulation of SWARMS price#
Hot Topic Overview
Overview
Recently, a whale address 3EqUQ...xrU3s was found to be suspected of manipulating the price of SWARMS. The whale sold $2.1 million worth of SWARMS tokens at an average price of $0.2944 within 25 minutes, and then bought back 5.55 million tokens at $0.2799 six minutes ago. Due to the sell orders being split into multiple transactions, while the buy orders were two large transactions, the price of SWARMS first dropped by 16.6%, and then quickly rose by 30%, with a swing of 46.6%. This operation is suspected of using price fluctuations to arbitrage or manipulate the market, causing losses for many investors.
Ace Hot Topic Analysis
Analysis
Recently, a whale account, 3EqUQ...xrU3s, was found to be suspected of manipulating the price of SWARMS. The account sold $2.1 million worth of SWARMS tokens (7.15 million) at an average price of $0.2944 within 25 minutes, and then bought back 5.55 million tokens at $0.2799 six minutes ago. Due to the sell order being split into multiple transactions, while the buy order was close to two large transactions, the price of SWARMS first dropped by 16.6%, then quickly rose by 30%, with a swing of 46.6%. This behavior has attracted market attention, with many people worried about whether they have been washed out by the whale's manipulation. Currently, it is unclear what the specific motivation of the whale manipulating the price is, but this incident once again reminds investors to be cautious when investing in cryptocurrencies and to be aware of market risks.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A whale manipulated the price by selling and buying SWARMS in batches, causing significant price fluctuations.
The whale's manipulation caused the price to drop by 16.6% before quickly rising by 30%, resulting in a swing of 46.6%.
The whale's manipulation could lead to some investors being washed out, resulting in losses.
The whale's manipulation reflects the lack of regulation in the cryptocurrency market, making it susceptible to manipulation.