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Early Whale Rebuys 29.99 Million SWAMRS Tokens | Flash News Detail | Blockchain.News
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1/13/2025 6:00:00 AM

Early Whale Rebuys 29.99 Million SWAMRS Tokens

Early Whale Rebuys 29.99 Million SWAMRS Tokens

According to Ai 姨 (@ai_9684xtpa), an early whale who previously profited $8.42 million from $SWAMRS has quietly regained a top position over the past two days, successfully executing trades.

Source

Analysis

On January 9, 2025, a known early whale liquidated 25.69 million $SWAMRS tokens, which were initially accumulated at an early stage, as reported by Ai 姨 (@ai_9684xtpa). Following this, starting on January 11, this whale began repurchasing the tokens using a strategy known as Dollar Cost Averaging (DCA) across three different addresses. By January 13, the whale had acquired 29.99 million SWAMRS tokens, investing a total of $7.74 million, at an average cost of $0.2583 per token. This strategic move has allowed the whale to regain a significant position in the market, potentially setting the stage for future price movements.

The implications of this activity are notable for traders and investors. The whale's ability to effectively use DCA highlights a strategic approach to mitigating price volatility and securing a more favorable average entry price. This action, alongside the substantial investment, signals strong confidence in the potential of $SWAMRS. For other traders, this could suggest an opportunity to follow suit, depending on their risk tolerance and market outlook. The whale's actions might also create increased demand for SWAMRS, potentially driving its price upward, but this is contingent on broader market conditions and investor sentiment.

Technical indicators and on-chain metrics provide further insights into the whale's strategy. The trading volumes of SWAMRS have seen a noticeable increase since January 11, aligning with the whale's repurchasing activity. This increase in volume suggests heightened market interest and liquidity, which can be advantageous for both short-term trading opportunities and long-term investment strategies. Additionally, the average cost of $0.2583 per token, as achieved by the whale, serves as a potential support level for other traders to consider. Monitoring these levels, alongside other indicators such as Relative Strength Index (RSI) and Moving Averages (MA), can offer valuable insights into future price movements and market trends. These metrics, combined with the whale's strategic positioning, underscore the importance of data-driven decision-making in cryptocurrency trading.

Ai 姨

@ai_9684xtpa

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