#Whale Dumping SWARMS#
Hot Topic Overview
Overview
Recently, the SWARMS project has attracted market attention due to a whale dumping event. According to on-chain analysts, an early whale spent $2.18 million accumulating SWARMS over the past month, continuing to buy even as the token price broke through a market capitalization of $600 million. However, the token price has been steadily declining over the past week, and the whale began to sell off frequently, ultimately dumping its remaining 7.42 million tokens at an average price of $0.1379, resulting in a total profit of $860,000. This event indicates that while the SWARMS project gained favor from whales early on, its recent underperformance has raised concerns about its future prospects.
Ace Hot Topic Analysis
Analysis
Recently, the SWARMS project has experienced a whale dump event, attracting market attention. According to on-chain analysts, an early whale had invested $2.18 million in SWARMS over the past month, building a position even as the coin price surged to a market cap exceeding $600 million, demonstrating strong confidence in the project. However, the recent price decline ultimately led the whale to liquidate its remaining 7.42 million tokens at an average selling price of $0.1379, resulting in a total profit of $860,000. This event reflects a possible decline in market confidence towards the SWARMS project, and the whale's dumping action might have had some impact on the coin price. Although the whale showed initial optimism by building a position early on, the decision to exit during the price downturn serves as a reminder for investors to be cautious about market fluctuations and make investment decisions based on their risk tolerance.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Giant whales continued to accumulate positions during the SWARMS price rise, and did not reduce their positions even when the price broke through the six hundred million market capitalization.
Giant whales started to sell frequently after the price had been falling for nearly a week, and finally cleared their positions at an average price of $0.1379, with a total profit of $860,000.
The whales' clearing of positions may have a negative impact on the SWARMS price, causing market concerns.
The whales' accumulation and clearing of positions reflect the market's short-term speculative nature towards SWARMS, and may also suggest potential risks for the project.