#Whale manipulation of SWARMS price#
Hot Topic Overview
Overview
Recently, a whale with the alias 3EqUQ...xrU3s is suspected of manipulating the price of SWARMS. The whale sold $2.1 million worth of SWARMS tokens in 25 minutes at an average price of $0.2944, and then bought back 5.55 million tokens six minutes ago at $0.2799. Due to the sell order being split into multiple transactions, while the buy order was in 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 is suspected of exploiting market sentiment, causing many investors to be washed out.
Ace Hot Topic Analysis
Analysis
Recently, a whale account, 3EqUQ...xrU3s, was suspected of manipulating the price of the SWARMS token. 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 orders being split into multiple transactions, while the buy orders were 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 has attracted market attention, with many people worried about whether they have been washed out. This incident once again exposes the risk of price manipulation by whales in the cryptocurrency market, and reminds investors to be cautious when investing and not blindly follow the trend.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A whale has been manipulating the price of SWARMS by dumping and buying in batches, causing significant price fluctuations.
The whale's manipulation could lead to investor losses, as the price drops sharply and then rises quickly, creating market chaos.
The whale's manipulation could negatively impact market confidence in SWARMS, as investors question the authenticity of the price.
Regulators should strengthen oversight of the cryptocurrency market to prevent similar manipulation from occurring.