A savvy investor, identified by the wallet address 6naxt…YWDbK, has demonstrated remarkable foresight by transforming a $1,146 investment into $1.047 million in just nine days, achieving an extraordinary return of 91,297%.
Surprisingly, the trades suggest no evidence of insider activity.
1️⃣ Initial Buy: On October 20, the investor purchased 55.85 million $SWARMS tokens during the internal trading phase at an average price of $0.00002052. The total cost was just 5.88 SOL.
2️⃣ Strategic Moves: Shortly after acquiring the tokens, half the position was sold within a minute, while 11.3 million tokens were transferred to a secondary address, Gh2tx…y4XX2.
3️⃣ Exit Strategy: The remaining tokens were gradually sold during $SWARMS’ official launch and subsequent price surge, at an average price of $0.01401.
As of now, both wallet addresses still hold 11.14 million tokens, currently valued at $420,000.
$SWARMS is a concept token linked to AI agents, launched by high school entrepreneur KYE (@KyeGomezB), also known as Afro. Initially under the radar, the project gained unexpected traction when Shaw, founder of ai16z DAO, tweeted skepticism about its positioning, triggering a sharp price drop.
Ironically, this controversy drew attention from the crypto community. KYE’s consistent engagement, along with the strong performance of the ecosystem token $MCS, helped $SWARMS recover and achieve today’s significant surge. The token now boasts a market cap of $37.3 million.
In the past 24 hours, $SWARMS has skyrocketed 82%, reaching a record high. Meanwhile, another whale, 5Hfrn…bhUAs, began building their position 10 days ago and has now accumulated 46.77 million tokens (valued at $2.73 million).
This whale’s average buy-in price was $0.03093, resulting in a floating profit of $1.175 million, representing 4.67% of the total token supply.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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