#SWARMS plummeted 28%#
Hot Topic Overview
Overview
SWARMS has plummeted 28.82% in the past three days, suspected to be due to the sale of 26.52 million SWARMS, worth approximately $8.08 million, by three addresses (possibly belonging to the same individual or entity). Among them, address HikmG...S2Yat sold 16.52 million, address 384zS...g8RUL sold 5 million, and address BqbfX...k6pd1 sold 5 million. According to tracking, the source addresses of these three addresses were established nine days ago or even earlier, possibly belonging to insider addresses/market maker addresses.
Ace Hot Topic Analysis
Analysis
Recently, the price of SWARMS has plummeted by 28%. Monitoring shows that three addresses, suspected to belong to the same individual or entity, have sold a total of 26.52 million SWARMS tokens in the past three days, worth approximately $8.08 million, which is considered the main driver of the price drop. 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 still have an unrealized gain of $1.256 million, with a cost as low as $0.02291. The other two addresses, 384zS...g8RUL and BqbfX...k6pd1, have sold 5 million tokens each, worth approximately $1.4 million and $1.52 million, respectively. By tracing the source of funds, four distribution addresses can be found, all of which were established nine days ago or even earlier, potentially belonging to insider addresses/market makers. This has raised concerns about the price of SWARMS in the market.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SWARMS plunged 28% mainly due to three addresses, likely belonging to the same individual or entity, that sold 26.52 million SWARMS in the past three days, worth approximately $8.08 million.
One of the selling addresses, HikmG...S2Yat, sold 16.52 million tokens in the past three days. One of its funding addresses has already earned a profit of $3.73 million, while the remaining 5 million tokens are still profitable at $1.256 million.
The other two addresses, 384zS...g8RUL and BqbfX...k6pd1, sold 5 million tokens in the past 11 hours and two days, respectively.
These selling activities may be related to insider or whale addresses, as they can be traced back to accumulation addresses as far back as nine days ago.