The buying frenzy for $SWARMS shows no signs of slowing down.
A newly created wallet recently withdrew $2 million in $USDC from Binance to purchase 3.58 million $SWARMS tokens, underscoring the growing interest in the asset.
Four Whales Invest $5.44 Million Overnight
Last night, four prominent whales collectively poured $5.44 million into $SWARMS, pushing its market valuation to a remarkable $500 million. However, these whales are not new players in the $SWARMS market. They have engaged in multiple transactions, earning a combined profit of $1.318 million. This suggests their positions are flexible, and they may exit the market if conditions change.
Whales haven't stopped buying $swarms!
Someone created a new wallet and withdrew 2M $USDC from #Binance to buy 3.58M $swarms.https://t.co/xdkbb12Nv8https://t.co/tyuwgz27Do pic.twitter.com/YTxb1cutzH
— Lookonchain (@lookonchain) January 7, 2025
Detailed Whale Activity
Here’s a breakdown of the recent investments made by these whales:
1. Address ATZ6K…cFjvj: Opened a position within 22 hours, spending $1.74 million at an average cost of $0.3782.
2. Address 4YubR…Lkj3Q: Invested $1.478 million in 21 hours at an average cost of $0.3845.
3. Address Aofcu…JnE8A: Bought $1.165 million worth of tokens in 11 hours, averaging $0.4786 per token.
4. Address GH53k…QZCyF: Spent $1.055 million in 15 hours at an average cost of $0.4278.
昨晚又有四个巨鲸带着 544 万美金巨款冲进了 $SWARMS ，一把子把市值冲到了五亿🙈
不过需要注意的是：这四个巨鲸都并非首次买入 SWARMS，已通过多次买卖累计获利 131.8 万美金，因此他们的建仓并不坚定，可能随时离场💡
1️⃣ 地址 ATZ6K…cFjvj，22 小时内花费 174 万美金建仓，成本 $0.3782… https://t.co/RxvlT0VpoP pic.twitter.com/x18UPjjDuF
— Ai 姨 (@ai_9684xtpa) January 7, 2025
Post-Binance Listing Moves
Following Binance’s announcement of $SWARMS perpetual contracts, one whale sold 4.5 million $SWARMS tokens for 9,884 $SOL, valued at $2.14 million. Despite this sale, the same whale still holds 20.28 million $SWARMS tokens, currently worth $10.19 million.
After #Binance announced the listing of $swarms perpetual contracts, a whale sold 4.5M $swarms for 9,884 $SOL($2.14M).
The whale currently holds 20.28M $swarms($10.19M).https://t.co/QeMSH5vCar pic.twitter.com/vS7eEEiR8y
— Lookonchain (@lookonchain) January 7, 2025
Market Outlook
While the influx of whale investments has propelled $SWARMS to new heights, the profit-taking patterns among these investors indicate potential volatility. Market participants should remain vigilant as these whales could exit positions rapidly, impacting price dynamics.
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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