#Coin price drops, suspected dumping.#

Recently, the price of SWARMS has seen a sharp decline, suspected of being a market dump. According to monitoring data, three addresses suspected of belonging to the same person or institution have sold a total of 26.52 million SWARMS in the past three days, worth about $8.08 million, which is considered the main driver of the price decline. Among them, address HikmG...S2Yat sold 16.52 million tokens, one of its funding addresses has already sold 75% of its holdings and made a profit of $3.73 million, the remaining 5 million tokens are still floating at a profit of $1.256 million, with a cost as low as $0.02291. In addition, addresses 384zS...g8RUL and BqbfX...k6pd1 sold 5 million tokens respectively in the past 11 hours and two days, worth about $1.4 million and $1.52 million respectively. By tracing the source of funds for these addresses, four distribution addresses can be found, all of which were established nine days ago or even earlier, possibly belonging to insider addresses/market maker addresses, which further fueled market speculation of a market dump.