#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 approximately $8.08 million, from three addresses suspected to belong to the same individual or entity. 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 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 28%, with the suspected reason being that three addresses, allegedly belonging to the same individual or entity, have collectively sold 26.52 million SWARMS in the past three days, worth approximately $8.08 million. Among them, address HikmG...S2Yat sold 16.52 million SWARMS, one of its funding addresses has already profited $3.73 million, and the remaining 5 million SWARMS are still floating with a profit of $1.256 million, with a cost as low as $0.02291. The other two addresses, 384zS...g8RUL and BqbfX...k6pd1, sold 5 million and 5 million SWARMS, respectively, worth $1.4 million and $1.52 million. These selling activities are considered to be the main driving force behind the decline in the price of SWARMS.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SWARMS plummeted 28% mainly because three addresses suspected to belong to the same person or institution sold a total of 26.52 million SWARMS in the past three days, worth about $8.08 million.
One of the selling addresses, HikmG...S2Yat, has sold 16.52 million tokens in the past three days, and one of its funding addresses has sold 75% of its holdings and made a profit of $3.73 million, with the remaining 5 million tokens still floating at a profit of $1.256 million, at a cost of only $0.02291.
The other two addresses, 384zS...g8RUL and BqbfX...k6pd1, sold 5 million tokens each in the past 11 hours and two days respectively, worth about $1.4 million and $1.52 million respectively.
These sell-offs may have been carried out by insider or market-maker addresses, as they can be traced back to positions built nine days ago or even earlier.