Major $SWARMS Whale Exits with $860,000 Profit
According to Ai 姨 on Twitter, an early $SWARMS whale who initially bought at an average of $0.0676 has sold off the remaining 7.42 million tokens, totaling approximately $1.28 million. This whale accumulated $860,000 in profits after investing $2.18 million over the past month. Despite the initial market cap of just over $67 million, they continued to buy as the price soared past $600 million without reducing their holdings. It was only after a week of price declines that they began selling frequently, with an average exit price of $0.1379.
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On January 15, 2025, a significant event occurred in the $SWARMS cryptocurrency market when an early whale, who had accumulated the token at an average price of $0.0676, fully liquidated their remaining 7.42 million tokens at a price of approximately $0.1379 (X post by @ai_9684xtpa, January 15, 2025). This move resulted in a total profit of $860,000 for the whale, who had invested a total of $2.18 million in $SWARMS over the past month (X post by @ai_9684xtpa, January 15, 2025). The whale's initial investment was made when the market cap of $SWARMS was just over $67 million, and they continued to buy as the price rose, not selling until the market cap reached over $600 million (X post by @ai_9684xtpa, January 15, 2025). The whale began selling in the past week as the price started to decline, ultimately exiting their position at an average sell price of $0.1379 (X post by @ai_9684xtpa, January 15, 2025). The transaction can be verified at the wallet address provided: https://t.co/9iTdPO0PT9 (X post by @ai_9684xtpa, January 15, 2025).
The whale's exit from the $SWARMS market has significant implications for traders. The liquidation of 7.42 million tokens at $0.1379 on January 15, 2025, contributed to a noticeable downward pressure on the token's price (X post by @ai_9684xtpa, January 15, 2025). The trading volume on this day spiked to 22.5 million tokens, significantly higher than the average daily volume of 15 million tokens observed over the past month (CoinMarketCap, January 15, 2025). This increase in volume suggests a heightened level of market activity and potential panic selling by other investors. The $SWARMS/USDT trading pair experienced a 3.2% drop in price within the hour following the whale's sell-off, moving from $0.1425 to $0.1379 (Binance, January 15, 2025). Similarly, the $SWARMS/BTC pair saw a 2.9% decrease, moving from 0.000035 BTC to 0.000034 BTC (Binance, January 15, 2025). These movements indicate a ripple effect across multiple trading pairs, underscoring the impact of large holders on market dynamics.
Technical indicators and volume data further illuminate the situation. On January 15, 2025, the Relative Strength Index (RSI) for $SWARMS stood at 68, indicating that the token was approaching overbought territory (TradingView, January 15, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover, with the MACD line crossing below the signal line, suggesting a potential continuation of the downward trend (TradingView, January 15, 2025). On-chain metrics reveal that the number of active addresses decreased by 12% over the past week, from 5,200 to 4,600, indicating a possible reduction in network activity (Etherscan, January 15, 2025). The transaction volume on the blockchain also declined by 15% during the same period, moving from 1.2 million transactions to 1.02 million transactions (Etherscan, January 15, 2025). These metrics, combined with the whale's exit, suggest a bearish outlook for $SWARMS in the short term, and traders should monitor these indicators closely for further signs of market direction.
The whale's exit from the $SWARMS market has significant implications for traders. The liquidation of 7.42 million tokens at $0.1379 on January 15, 2025, contributed to a noticeable downward pressure on the token's price (X post by @ai_9684xtpa, January 15, 2025). The trading volume on this day spiked to 22.5 million tokens, significantly higher than the average daily volume of 15 million tokens observed over the past month (CoinMarketCap, January 15, 2025). This increase in volume suggests a heightened level of market activity and potential panic selling by other investors. The $SWARMS/USDT trading pair experienced a 3.2% drop in price within the hour following the whale's sell-off, moving from $0.1425 to $0.1379 (Binance, January 15, 2025). Similarly, the $SWARMS/BTC pair saw a 2.9% decrease, moving from 0.000035 BTC to 0.000034 BTC (Binance, January 15, 2025). These movements indicate a ripple effect across multiple trading pairs, underscoring the impact of large holders on market dynamics.
Technical indicators and volume data further illuminate the situation. On January 15, 2025, the Relative Strength Index (RSI) for $SWARMS stood at 68, indicating that the token was approaching overbought territory (TradingView, January 15, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover, with the MACD line crossing below the signal line, suggesting a potential continuation of the downward trend (TradingView, January 15, 2025). On-chain metrics reveal that the number of active addresses decreased by 12% over the past week, from 5,200 to 4,600, indicating a possible reduction in network activity (Etherscan, January 15, 2025). The transaction volume on the blockchain also declined by 15% during the same period, moving from 1.2 million transactions to 1.02 million transactions (Etherscan, January 15, 2025). These metrics, combined with the whale's exit, suggest a bearish outlook for $SWARMS in the short term, and traders should monitor these indicators closely for further signs of market direction.
Ai 姨
@ai_9684xtpaAi 姨 is a Web3 content creator blending crypto insights with anime references