#SWARMS plunges 28%#
Hot Topic Overview
Overview
SWARMS has plummeted 28.82% in the past three days, suspected to be caused by the sale of 26.52 million tokens, worth approximately $8.08 million, by three addresses. Among them, address HikmG...S2Yat sold 16.52 million tokens, one of its funding addresses has already profited $3.73 million, and the remaining 5 million tokens are still floating at a profit of $1.256 million. The other two addresses, 384zS...g8RUL and BqbfX...k6pd1, sold 5 million tokens and 5 million tokens, respectively. It is currently unclear whether these three addresses belong to the same person or institution, but their sales are considered to be the main driving force behind the plunge in SWARMS.
Ace Hot Topic Analysis
Analysis
Recently, the price of SWARMS has seen a significant drop, plummeting by 28.82%. According to monitoring, three addresses suspected of belonging to the same person or institution have collectively sold 26.52 million SWARMS in the past three days, worth about $8.08 million, which is believed to be the main driving force behind the price drop. Among them, address HikmG...S2Yat sold 16.52 million tokens, worth about $5.16 million. One of its funding addresses has already sold 75% of its holdings and gained $3.73 million in profit. The remaining 5 million tokens still have a floating profit of $1.256 million, with a cost as low as $0.02291. Additionally, address 384zS...g8RUL sold 5 million tokens in the past 11 hours, worth about $1.4 million, while address BqbfX...k6pd1 sold 5 million tokens in two days, worth about $1.52 million. By tracing the funding sources of these addresses, four distribution addresses can be found. They all established positions nine days ago or even earlier, possibly belonging to insider addresses/whale addresses. This information indicates that the recent SWARMS crash may be related to large-scale selling. Investors need to pay close attention to market trends.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SWARMS
plummeted
28%
The
main
reason
may
be
that
three
addresses
that
are
suspected
to
belong
to
the
same
person
or
entity
have
sold
a
total
of
26.52
million
SWARMS
in
the
past
three
days
worth
about
8.08
million
US
dollars
One
of
the
addresses
HikmG...S2Yat
sold
16.52
million
tokens
One
of
its
funding
addresses
has
made
a
profit
of
3.73
million
US
dollars
The
remaining
5
million
are
still
floating
at
a
profit
of
1.256
million
US
dollars
with
a
cost
as
low
as
0.02291
US
dollars
The
other
two
addresses
384zS...g8RUL
and
BqbfX...k6pd1
sold
5
million
tokens
respectively
worth
about
1.4
million
US
dollars
and
1.52
million
US
dollars
The
funding
sources
of
these
addresses
can
be
traced
back
to
nine
days
ago
or
even
earlier
They
may
belong
to
insider
addresses
or
market
maker
addresses