Whale Activity Causes Volatility in SWARMS Token Price
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According to Ai 姨, a large holder of the SWARMS token, identified by the wallet address 3EqUQ...xrU3s, has engaged in significant trading activity that appears to manipulate the token's price. Over the past 25 minutes, this whale sold 7.15 million SWARMS tokens at an average price of $0.2944, totaling $2.1 million. Subsequently, six minutes ago, they repurchased 5.55 million tokens at $0.2799. This activity initially caused the token's price to drop by 16.6% and then surge by 30%, resulting in a total price swing of 46.6% from $0.2417 to $0.3593. This trading pattern likely caused many traders to be shaken out of their positions.
SourceAi 姨
@ai_9684xtpaAi 姨 is a Web3 content creator blending crypto insights with anime references