#Cryptocurrency price plummets by $8 million#

Recently, the price of SWARMS has seen a sharp decline, plummeting by as much as 28.82%. According to monitoring data, three addresses suspected to be owned by the same individual or entity have collectively sold 26.52 million SWARMS in the past three days, worth approximately $8.08 million, which is considered to be the main driver of the price drop. Among these addresses, HikmG...S2Yat sold 16.52 million tokens worth approximately $5.16 million. One of its funding addresses has already profited $3.73 million, with the remaining 5 million tokens still holding a profit of $1.256 million, at a low cost of $0.02291 per token. Additionally, address 384zS...g8RUL sold 5 million tokens worth approximately $1.4 million in the past 11 hours, while address BqbfX...k6pd1 sold 5 million tokens worth approximately $1.52 million in two days. By tracing the funding sources, four distribution addresses have been identified, with their initial purchases made nine days ago or even earlier, potentially indicating insider addresses or whale addresses. These large-scale sell-offs have led to a sharp drop in the price of SWARMS, attracting significant market attention.