#Whale manipulation of SWARMS price#
Hot Topic Overview
Overview
Recently, a whale address, 3EqUQ...xrU3s, was 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 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 sparked heated discussions in the community, with many people worried about being "washed out" by the whale's manipulation.
Ace Hot Topic Analysis
Analysis
Recently, a whale account 3EqUQ...xrU3s was found suspected of manipulating the price of SWARMS. The whale sold $2.1 million worth of SWARMS (7.15 million tokens) at an average price of $0.2944 within 25 minutes, causing the price to drop by 16.6%. Subsequently, the whale bought back 5.55 million SWARMS at $0.2799 six minutes ago, causing the price to surge by 30%, with a swing of 46.6%. Due to the sell orders being split into multiple transactions, while the buy orders were two large transactions, this operation is considered typical price manipulation. This incident has drawn attention from the community, with many people concerned about being affected by the whale's manipulation and questioning its impact on market fairness.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
A whale has been manipulating the price of SWARMS tokens by selling and buying in batches, causing significant price fluctuations.
The whale's manipulation has caused the price to plummet and surge in a short period of time, 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 risks of a lack of regulation and transparency in the cryptocurrency market, and regulatory measures need to be strengthened to protect investor interests.