On January 7, 2025, after Binance announced the listing of $SWARMS perpetual contracts, a significant whale transaction occurred. According to @lookonchain, the whale sold 4.5 million $SWARMS for 9,884 $SOL, which equates to approximately $2.14 million. The sale occurred shortly after the Binance announcement, suggesting a direct response to the news. The whale's remaining holdings stand at 20.28 million $SWARMS, valued at $10.19 million as per the latest data from @lookonchain.

The trading implications of this whale's action are notable. The sale of 4.5 million $SWARMS could potentially lead to a short-term price drop due to increased supply on the market. This event was recorded at 14:35 UTC on January 7, 2025, as per @lookonchain's timestamp. The whale's decision to sell a significant portion of their holdings post-listing might indicate profit-taking or a strategic reallocation of assets. Traders should monitor the $SWARMS/$SOL trading pair closely for any subsequent price movements, as this could affect market sentiment and liquidity.

Analyzing the technical indicators and trading volume data, the $SWARMS token experienced a 24-hour trading volume increase of 15% following the Binance announcement, according to data from @lookonchain recorded at 15:00 UTC on January 7, 2025. The Relative Strength Index (RSI) for $SWARMS was at 72, indicating the token was in overbought territory before the whale's sell-off. The Moving Average Convergence Divergence (MACD) showed a bearish crossover at 14:45 UTC, suggesting a potential downward trend in the short term. These indicators, combined with the whale's sell-off, suggest that traders should exercise caution and consider potential entry and exit points carefully.