#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 in 25 minutes, and then bought back 5.55 million tokens at $0.2799 in 6 minutes. 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 widespread attention from the community, with many questioning whether the whale account is using its financial advantage to manipulate prices and worrying that this behavior will cause losses for other investors.
Ace Hot Topic Analysis
Analysis
Recently, a whale account 3EqUQ...xrU3s was found suspected of manipulating the price of SWARMS. The account sold $2.1 million worth of SWARMS (7.15 million 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 orders being split into multiple transactions, while the buy orders were concentrated in two large transactions, the price first dropped by 16.6%, then quickly rose by 30%, with a swing of 46.6%. This behavior is considered typical price manipulation, as the whale artificially created price fluctuations by first selling and then buying back, which may have caused many investors to be forced to sell when the price fell, and unable to buy back when the price rose, resulting in losses. This incident has raised concerns about the regulation of the cryptocurrency market, and also reminds investors to be cautious when investing, not to blindly follow the trend, and avoid becoming victims of price manipulation.
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 plummet and surge within a short period, with a swing of up to 46.6%.
The whale's manipulation could lead to significant losses for investors, especially those who were washed out during the price drop.
The whale's manipulation exposes the risk of lack of regulation in the cryptocurrency market, and regulatory measures need to be strengthened to protect investor interests.