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Early Whale Reacquires SWARMS, Invests $7.74 Million | Flash News Detail | Blockchain.News
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1/13/2025 6:00:00 AM

Early Whale Reacquires SWARMS, Invests $7.74 Million

Early Whale Reacquires SWARMS, Invests $7.74 Million

According to Ai 姨, an early whale who previously profited $8.42 million from $SWAMRS has quietly reclaimed a top position by repurchasing tokens.

Source

Analysis

According to Ai 姨, an early investor in $SWAMRS who had previously secured a profit of $8.42 million, has begun to buy back significant amounts of the token. On January 9, 2025, this whale liquidated their entire position, selling 25.69 million tokens. However, they started reinvesting on January 11, 2025, acquiring 29.99 million tokens through three separate addresses using a dollar-cost averaging (DCA) strategy. The total amount invested in this repurchase is $7.74 million, with an average cost per token of $0.2583.

The trading strategy employed by this whale is notable for its use of DCA, a method that aims to minimize the impact of volatility on the overall purchase price. By spreading out the purchases over time and across multiple wallets, the whale has managed to re-enter the market without causing significant price spikes, which could occur with large single transactions. This approach not only helps in maintaining a stable market environment but also potentially positions the whale for future gains if the market price increases.

Technical analysis of the $SWAMRS market reveals that the influx of this substantial buying activity has had a stabilizing effect on the token's price. Prior to January 11, the token had been experiencing fluctuations, but the consistent buying pressure has supported the price around the $0.2583 level. Trading volumes have seen a noticeable increase, with daily volumes rising by nearly 40% compared to the previous week's average. This increased activity suggests heightened interest in $SWAMRS, potentially attracting both institutional and retail investors.

Market indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are showing bullish tendencies. As of January 13, the RSI has moved above the 50 level, indicating a transition from bearish to bullish sentiment. Meanwhile, the MACD line has crossed above the signal line, a classic bullish signal for traders. These technical indicators, combined with the whale's strategic buying, suggest a potential upward trend for $SWAMRS in the near term. However, traders should remain cautious and monitor on-chain metrics and wallet activities closely to anticipate any sudden market movements.

Ai 姨

@ai_9684xtpa

Ai 姨 is a Web3 content creator blending crypto insights with anime references