A whale sold 2.1 million USD of SWARMS and then bought back 5.55 million SWARMS, suspected of price manipulation

PANews reported on January 5 that according to the monitoring of on-chain analyst @ai_9684xtpa, a whale was suspected of manipulating the price. The whale 3EqUQ...xrU3s sold $2.1 million worth of SWARMS (7.15 million pieces) at an average price of $0.2944 in the past 25 minutes, and then bought back 5.55 million pieces at $0.2799 six minutes ago. Because the sell order was split into multiple transactions, and the buy order was nearly two large transactions, the coin price first fell by 16.6% and then quickly rose by 30%, with an amplitude of 46.6%.

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Author: PA一线

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