#SWARMS plunged 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 about $8.08 million, from 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 with a profit of $1.256 million. The other two addresses, 384zS...g8RUL and BqbfX...k6pd1, sold 5 million tokens and 5 million tokens respectively. The funding sources of these addresses can be traced back to four distribution addresses from nine days ago or even earlier, suspected to be insider addresses or market maker addresses.
Ace Hot Topic Analysis
Analysis
Recently, the price of SWARMS has plummeted by a significant 28.82%. Monitoring data shows that three addresses, suspected to belong to the same person or institution, have cumulatively sold 26.52 million SWARMS in the past three days, worth approximately $8.08 million, which is believed to be the main driving force behind the price decline. 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 a profit of $3.73 million, with the remaining 5 million tokens still holding a profit of $1.256 million, with a cost as low as $0.02291. The other two addresses, 384zS...g8RUL and BqbfX...k6pd1, respectively sold 5 million tokens, worth approximately $1.4 million and $1.52 million. By tracing the source of funds, four distribution addresses can be found, all of which were established nine days ago or even earlier, and may belong to insider addresses / market maker addresses. This information suggests that the recent decline in the price of SWARMS may be related to insider or institutional selling, and investors should be cautious.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SWARMS plummeted 28% due to three addresses, potentially belonging to the same person or entity, selling a total of 26.52 million SWARMS in the past three days, worth approximately $8.08 million.
The three addresses that sold are HikmG...S2Yat, 384zS...g8RUL, and BqbfX...k6pd1, with HikmG...S2Yat selling 16.52 million, 384zS...g8RUL selling 5 million, and BqbfX...k6pd1 selling 5 million.
One of the funding source addresses for HikmG...S2Yat has already sold 75% of its holdings, generating a profit of $3.73 million, with the remaining 5 million still having a profit of $1.256 million, at a cost of $0.02291.
By tracing the funding sources of addresses 2 and 3, we can find four distribution addresses, all established nine days ago or even earlier, potentially belonging to insider addresses/market maker addresses.