On January 7, 2025, before the Binance futures listing, $SWARMS experienced a notable surge in on-chain trading activity, as reported by @ai_9684xtpa. The total buy volume reached $17.3 million, while the sell volume was slightly higher at $17.8 million. Additionally, there were 10,147 buy transactions compared to 6,938 sell transactions, indicating a higher frequency of buying activity (@ai_9684xtpa).

The trading data suggests that larger traders are more inclined to sell their holdings, evidenced by fewer sell transactions accounting for a higher total volume. Conversely, the higher number of buy transactions at a lower total volume suggests that retail investors or 'whale' investors are taking advantage of lower prices to accumulate $SWARMS (@ai_9684xtpa). This dynamic could indicate a potential shift in market sentiment as the futures listing approaches, with potential for increased volatility.

Technical indicators and volume data further support the trading patterns observed. The 24-hour trading volume for $SWARMS was reported at $35.1 million, showing a significant increase from the previous day's volume of $22.5 million, as per data from CoinMarketCap on January 6, 2025. The Relative Strength Index (RSI) for $SWARMS stood at 65, indicating a neutral to slightly overbought market condition (@ai_9684xtpa). The market depth analysis shows strong liquidity on both sides, with buy orders amounting to $5.2 million and sell orders at $5.8 million as of January 7, 2025, at 12:00 PM UTC (@ai_9684xtpa).