#Whale Dumps SWARMS#
Hot Topic Overview
Overview
Recently, the SWARMS project has experienced a whale sell-off. An early whale, who had spent $2.18 million building a position over the past month, buying all the way up, even without reducing his holdings when the market cap surpassed $600 million, has begun selling off frequently after the price fell for nearly a week. Ultimately, the whale cleared their remaining 7.42 million tokens at an average price of $0.1379, making a total profit of $860,000. This incident has drawn attention from the market and reflects concerns about the future of the SWARMS project.
Ace Hot Topic Analysis
Analysis
Recently, the SWARMS project has experienced a massive 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, continuously adding positions during the price surge, even when the market cap surpassed $600 million. However, after a week of continuous price decline, the whale began frequent selling, eventually dumping the remaining 7.42 million tokens at an average price of $0.1379, realizing a profit of $860,000. This incident indicates that even early whales cannot completely avoid market risks. In a declining price trend, even investors with long-term confidence in a project will choose to take profits. This event also reminds investors to rationally analyze market conditions when investing in cryptocurrencies, avoid blindly chasing rallies and selling on dips, and prioritize risk control to prevent significant losses.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Giant whales continued to build positions during the SWARMS price surge, and did not reduce positions when the price broke through a market cap of six hundred million.
Giant whales began to sell frequently after the price fell for nearly a week, eventually clearing their positions at an average price of $0.1379, with a total profit of $860,000.
The whale's liquidation may put some downward pressure on the SWARMS price.
The whale's liquidation may reflect concerns about the future development prospects of SWARMS.