### Whale dumps SWARMS#
Hot Topic Overview
Overview
Recently, the SWARMS project has experienced a whale dumping phenomenon. An early whale spent $2.18 million building a position over the past month, buying all the way up, even without reducing their position when the market cap surpassed $600 million. However, after a week of continuous price decline, the whale began selling frequently, eventually dumping the last 7.42 million tokens at an average price of $0.1379, netting a profit of $860,000. This event has drawn market attention and reflects the market pressure facing the SWARMS project recently.
Ace Hot Topic Analysis
Analysis
Recently, the SWARMS project has seen a whale dumping event, attracting market attention. According to on-chain analysts, an early whale spent $2.18 million to accumulate SWARMS over the past month. They continued to buy more as the price rose, even when the market cap surpassed $600 million. However, after the price continuously fell over the past week, the whale started to sell frequently, ultimately dumping the remaining 7.42 million tokens at an average price of $0.1379, realizing a total profit of $860,000. This event demonstrates that even early whales cannot completely avoid market risk. In the face of a sustained price decline, even heavy investors might choose to exit, serving as a warning for investors to invest cautiously and implement risk control measures.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
The whale continued to accumulate during the price surge of SWARMS, and did not reduce its position even when the price broke through the market cap of six hundred million dollars.
The whale began to sell frequently after the price continued to fall for nearly a week, eventually clearing its position at an average price of $0.1379, with a total profit of $860,000.
The whale's clearing of its position may have a negative impact on the price of SWARMS, causing market concerns.
The whale's clearing of its position also reflects a lack of confidence in the future development prospects of SWARMS.