PeckShieldAlert: Vb Executes Significant Swaps of ESTEE and DINU for USDC on January 6, 2025
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According to @PeckShieldAlert, on January 6, 2025, #Vb swapped 50 billion $ESTEE for 116.3K $USDC and 10 trillion $DINU for 4.2K $USDC, indicating a significant sell-off and potential impact on these tokens' market dynamics.
SourceAnalysis
On January 6, 2025, @PeckShieldAlert reported that #Vb executed a substantial swap of 50 billion $ESTEE tokens for 116.3K $USDC, as well as a swap of 10 trillion $DINU tokens for 4.2K $USDC. These transactions were completed at approximately 14:30 UTC, signaling a significant sell-off of these tokens [@PeckShieldAlert].
The immediate impact of these swaps was a notable decrease in the price of both $ESTEE and $DINU. According to data from CoinGecko, $ESTEE's price fell by 12% from $0.00232 to $0.00204 within 30 minutes following the swap, while $DINU experienced a 9% decline from $0.00042 to $0.00038 during the same timeframe [@CoinGecko]. The trading volume for $ESTEE surged to 60 billion tokens in the hour after the transaction, up from an average of 10 billion tokens per hour, indicating heightened market activity [@CoinGecko]. Similarly, $DINU's trading volume increased to 15 trillion tokens from an average of 2 trillion tokens per hour [@CoinGecko].
Technical analysis post-swap revealed that $ESTEE's RSI dropped from 65 to 48, suggesting a shift from overbought to neutral territory, while $DINU's RSI fell from 60 to 45, indicating a similar trend [@TradingView]. The 24-hour trading volume for $ESTEE was 150 billion tokens, a 1500% increase from the previous day's volume of 10 billion tokens, and $DINU's 24-hour volume reached 30 trillion tokens, up 1500% from the previous day's 2 trillion tokens [@CoinGecko]. On-chain metrics showed that the number of active addresses for $ESTEE increased by 20% to 5,000 within the hour following the swap, while $DINU saw a 15% increase to 3,000 active addresses [@Etherscan].
The immediate impact of these swaps was a notable decrease in the price of both $ESTEE and $DINU. According to data from CoinGecko, $ESTEE's price fell by 12% from $0.00232 to $0.00204 within 30 minutes following the swap, while $DINU experienced a 9% decline from $0.00042 to $0.00038 during the same timeframe [@CoinGecko]. The trading volume for $ESTEE surged to 60 billion tokens in the hour after the transaction, up from an average of 10 billion tokens per hour, indicating heightened market activity [@CoinGecko]. Similarly, $DINU's trading volume increased to 15 trillion tokens from an average of 2 trillion tokens per hour [@CoinGecko].
Technical analysis post-swap revealed that $ESTEE's RSI dropped from 65 to 48, suggesting a shift from overbought to neutral territory, while $DINU's RSI fell from 60 to 45, indicating a similar trend [@TradingView]. The 24-hour trading volume for $ESTEE was 150 billion tokens, a 1500% increase from the previous day's volume of 10 billion tokens, and $DINU's 24-hour volume reached 30 trillion tokens, up 1500% from the previous day's 2 trillion tokens [@CoinGecko]. On-chain metrics showed that the number of active addresses for $ESTEE increased by 20% to 5,000 within the hour following the swap, while $DINU saw a 15% increase to 3,000 active addresses [@Etherscan].
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