News

Smart Money Turns $1,146 Into $1.047 Million With A 91,297% ROI On $SWARMS—Without Insider Trading

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.

Related Post

What is $SWARMS?

$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.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Image Source: thvideo/123RF // Image Effects by Colorcinch

Will Izuchukwu

Will is a News/Content Writer and SEO Expert with years of active experience. He has a good history of writing credible articles and trending topics ranging from News Articles to Constructive Writings all around the Cryptocurrency and Blockchain Industry.

Share
Published by
Will Izuchukwu

Recent Posts

Supreme Court Delays Ruling On Trump Tariffs As Market Odds Swing Sharply

The U.S. Supreme Court has delayed its highly anticipated ruling on the legality of President…

2 days ago

Trump Closes Pardon Door As SBF and Other Controversial Figures Get Crossed Off

President Donald Trump has officially closed the door on any possibility of a pardon for…

2 days ago

Ethereum Crosses $300B In Application TVL As Network Dominates Global On-Chain Settlement

Ethereum has officially crossed the ~$300 billion mark in application total value locked (TVL), solidifying…

3 days ago

SEC Approves First Spot Chainlink ETF For U.S. Markets

The U.S. Securities and Exchange Commission has approved Bitwise’s spot Chainlink ETF, marking the first…

5 days ago

Rumble And Tether Launch Integrated Self-Custodial Wallet

Rumble and Tether have officially launched the Rumble Wallet, a self-custodial crypto wallet integrated directly…

5 days ago

BNB Chain Sets Fermi Hard Fork For January 14 Upgrade

BNB Chain is preparing to activate its Fermi hard fork on January 14 at 2:30…

5 days ago