#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 tokens by three addresses, worth approximately $8.08 million. Among them, address HikmG...S2Yat sold 16.52 million tokens, address 384zS...g8RUL sold 5 million tokens, and address BqbfX...k6pd1 sold 5 million tokens. The source of funds for these addresses can be traced back to four distribution addresses, which were established 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 staggering 28.82%. Monitoring revealed that three addresses, suspected to belong to the same individual or entity, have collectively dumped 26.52 million SWARMS over the past three days, worth approximately $8.08 million. This massive sell-off is considered the primary driver behind the price decline.Among these addresses, HikmG...S2Yat unloaded 16.52 million tokens. One of its funding addresses has already profited by $3.73 million, while the remaining 5 million tokens still hold an unrealized gain of $1.256 million, indicating an acquisition cost as low as $0.02291. Furthermore, addresses 384zS...g8RUL and BqbfX...k6pd1 each sold 5 million tokens. Tracing the source of these funds revealed four accumulation addresses, with initial purchases made as early as nine days ago. This raises suspicions of insider or whale activity.This information suggests that the recent SWARMS crash may be linked to insider or institutional selling, prompting investors to exercise caution and closely monitor market developments.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SWARMS plummeted 28% mainly because three addresses that are suspected to belong to the same person or entity have dumped a total of 26.52 million SWARMS in the past three days, worth about 8.08 million USD.
One of the addresses that sold, HikmG...S2Yat, sold 16.52 million tokens, and one of its funding addresses has already profited 3.73 million USD. The remaining 5 million are still up 1.256 million USD, with a cost as low as 0.02291 USD.
The other two addresses, 384zS...g8RUL and BqbfX...k6pd1, sold 5 million tokens each, worth about 1.4 million USD and 1.52 million USD respectively.
These selling actions may be related to insider addresses or market makers, as they can be traced back to addresses that were built up nine days ago or even earlier.