#Whale manipulation of SWARMS price#
Hot Topic Overview
Overview
Recently, a whale account, 3EqUQ...xrU3s, was suspected of manipulating the price of SWARMS. The account sold $2.1 million worth of SWARMS at an average price of $0.2944 within 25 minutes, and then bought back 5.55 million SWARMS at $0.2799 within six minutes. Due to the sell orders being split into multiple transactions, while the buy orders were concentrated in two large transactions, the price of SWARMS first dropped by 16.6% and then quickly surged by 30%, resulting in a swing of 46.6%. This behavior has attracted widespread attention from the community, with many people worried about being manipulated by whales and suffering losses.
Ace Hot Topic Analysis
Analysis
Recently, a whale account, 3EqUQ...xrU3s, was suspected of manipulating the price of SWARMS. The account sold $2.1 million worth of SWARMS (7.15 million 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 order being split into multiple transactions, while the buy order was close to two large transactions, the price first dropped by 16.6% and then quickly rose by 30%, resulting in a swing of 46.6%. This operation method is suspected of using market sentiment to manipulate prices, which may lead to some investors being washed out of the market during price fluctuations. This incident has raised concerns about whale manipulation in the cryptocurrency market and reminds investors to be cautious when investing, avoid blindly following the trend, and pay attention to risk control.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Giant whales have been manipulating the price of SWARMS by selling and buying in batches, causing significant price fluctuations.
The manipulation by giant whales could lead to investor losses, as the sharp price fluctuations are difficult to predict.
The manipulation by giant whales could have a negative impact on market confidence in SWARMS.
Regulators should pay attention to the price manipulation by giant whales and take measures to protect investor interests.