#Whale manipulation of SWARMS price#
Hot Topic Overview
Overview
Recently, a whale with the code 3EqUQ...xrU3s is 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%, then quickly rose by 30%, with a swing of 46.6%. This operation is suspected to be a deliberate attempt by the whale to create panic, then buy at a low price, and ultimately profit.
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 of SWARMS 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" by the whale's manipulation. 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 avoid being affected by market fluctuations.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A whale manipulated the market by selling and buying SWARMS in batches, causing significant price fluctuations.
The whale's manipulation led to a price drop followed by a surge, with a swing of 46.6%, potentially causing losses for investors.
The whale's manipulation exposed the vulnerability of the cryptocurrency market to the influence of large investors.
Regulators should strengthen oversight of the cryptocurrency market to prevent similar incidents from happening again.