#SWARMS Giant Whale Dumped Positions for Profits#
Hot Topic Overview
Overview
Recently, the SWARMS project has seen a whale dumping its holdings for profit. An early whale spent $2.18 million building a position in SWARMS over the past month, accumulating more tokens as the price rose, even refusing to sell when the market cap surpassed $600 million. However, after a week of sustained price decline, the whale began selling frequently, ultimately dumping its remaining 7.42 million tokens at an average price of $0.1379, realizing a profit of $860,000. This event has sparked concerns about the future trajectory of the SWARMS project and reflects the cautious attitude of some investors towards its prospects.
Ace Hot Topic Analysis
Analysis
Recently, the SWARMS project has seen a whale dumping event that has caught the attention of the market. According to on-chain analysts, an early whale accumulated SWARMS tokens at an average price of $0.0676, spending $2.18 million over the past month. Even as the token price exceeded $600 million, the whale did not reduce its position. However, with the price of the token declining continuously over the past week, the whale began to sell frequently, eventually selling off its remaining 7.42 million tokens at an average price of $0.1379, realizing a profit of $860,000. This event demonstrates that even when a project's market cap rises significantly, whales will still choose to exit and take profits when the price falls. This serves as a reminder for investors to invest cautiously and be aware of market risks.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Early whales in SWARMS liquidated their holdings after a sustained price drop, realizing profits.
Whales have invested $2.18 million in SWARMS over the past month.
They did not reduce their holdings even as the coin's market cap surpassed $600 million.
The whales ultimately liquidated their holdings at an average price of $0.1379, accumulating $860,000 in profits.
The liquidation of whales could have an impact on the price of SWARMS.