The largest $SWARMS whale, who also holds the No. 2 position in $ZEILGO, remains inactive, with no signs of selling or transferring tokens from their primary warehouse address.
Although smaller associated addresses continue to execute frequent transactions, the volumes remain modest. Currently, this whale holds a total of 60.129 million $SWARMS tokens, amassing a floating profit of $15.87 million.
Suspected Price Manipulation by a Whale
A whale with an estimated portfolio value of $200 million and a significant $1.415 million position in $SWARMS made headlines last night after suspicious trading activity. This whale sold off a large portion of their holdings, causing a significant 46.6% price fluctuation, only to buy back at a lower price. The activity has raised suspicions of deliberate price manipulation. At present, the whale holds 5.55 million $SWARMS tokens at an average cost of $0.2799, yielding a floating profit of $164,000.
Quiet Exit from the Market
Another whale, who had accumulated 1.5 million $SWARMS tokens the night before, has quietly liquidated their entire position over the past 13 hours. This involved the sale of 4.968 million $SWARMS tokens at an average price of $0.3002. Despite the short-term market presence, the whale exited with a cumulative loss of $8,700, signaling a swift and understated departure.
https://twitter.com/ai_9684xtpa/status/1876117850085376187
Market Implications
The recent activity among these $SWARMS whales reflects a mix of strategic positioning, speculative trading, and abrupt exits. As the market adjusts to these fluctuations, it highlights the influence large holders can have on token stability and investor sentiment.
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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Image Source: cozydigital/123RF // Image Effects by Colorcinch
