#SWARMS plunged 28%#
Hot Topic Overview
Overview
SWARMS has plummeted 28.82% in the past three days, suspected to be caused by three addresses dumping a total of 26.52 million tokens, worth approximately $8.08 million. Of these, address HikmG...S2Yat dumped 16.52 million tokens, address 384zS...g8RUL dumped 5 million tokens, and address BqbfX...k6pd1 dumped 5 million tokens. The funds from these addresses can be traced back to four accumulation addresses, with accumulation times dating back nine days or even earlier, suggesting that they may be insider addresses or whales.
Ace Hot Topic Analysis
Analysis
Recently, the price of SWARMS has experienced a significant decline, dropping by as much as 28.82%. Monitoring data reveals that three addresses, suspected to belong to the same individual or entity, have collectively sold 26.52 million SWARMS tokens in the past three days, amounting to approximately $8.08 million, potentially being the primary driver of the price drop. Among these, the address HikmG...S2Yat has sold 16.52 million tokens, worth roughly $5.16 million. One of its funding addresses has already offloaded 75% of its holdings, realizing a profit of $3.73 million. The remaining 5 million tokens are still holding a profit of $1.256 million, with a cost basis as low as $0.02291. The other two addresses, 384zS...g8RUL and BqbfX...k6pd1, have sold 5 million tokens each, valued at around $1.4 million and $1.52 million respectively. By tracing the source of funds, four distribution addresses have been identified, all of which established their positions nine days ago or even earlier, suggesting they may belong to insider addresses/market manipulator addresses. This incident has sparked market concerns about the price of SWARMS, reminding investors to exercise caution when investing in digital currencies, avoiding blind following and focusing on risk control.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
SWARMS
plummeted
28%
The
main
reason
could
be
that
three
addresses
that
are
suspected
to
belong
to
the
same
person
or
entity
have
sold
a
total
of
26.52
million
SWARMS
in
the
past
three
days
worth
about
8.08
million
dollars.
One
of
these
addresses
HikmG...S2Yat
sold
16.52
million
tokens
and
one
of
its
funding
addresses
has
made
a
profit
of
3.73
million
dollars
while
the
remaining
5
million
tokens
are
still
floating
at
a
profit
of
1.256
million
dollars
with
a
cost
as
low
as
0.02291
dollars.
The
other
two
addresses
384zS...g8RUL
and
BqbfX...k6pd1
sold
5
million
tokens
each
worth
about
1.4
million
dollars
and
1.52
million
dollars
respectively.
The
funding
sources
of
these
addresses
can
be
traced
back
to
nine
days
ago
or
even
earlier
and
may
belong
to
insider
addresses
or
market
maker
addresses.