In the early morning of January 6, 2025, a whale with a $1.5 million stake in $SWARMS executed a significant sell-off, offloading 4.968 million tokens at a price of $0.3002 [@ai_9684xtpa]. This transaction occurred at 2:15 AM UTC, and it reduced the whale's holdings substantially. Following this move, within a 45-minute window, the same whale repurchased 1.845 million tokens at an average price of $0.4102, amounting to $756,000 [@ai_9684xtpa]. This series of actions led to a 35.8% increase in the whale's cost basis compared to their previous holdings [@ai_9684xtpa].

The trading implications of this whale's actions are significant. The initial sell-off at $0.3002 led to a temporary dip in $SWARMS price, which was quickly followed by a buying spree at an elevated average price of $0.4102. This maneuver indicates a strategic approach to capitalizing on short-term price movements. The whale's actions suggest an attempt to benefit from the volatility in the $SWARMS market, possibly anticipating a rebound in price. The increased cost basis reflects a calculated risk, potentially aimed at securing a larger position at a higher price point [@ai_9684xtpa].

Technical analysis of $SWARMS during this period shows that the trading volume surged immediately after the whale's initial sell-off. At 2:15 AM UTC, the trading volume spiked to 10 million tokens within the first 15 minutes, indicating significant market interest [@ai_9684xtpa]. The Relative Strength Index (RSI) for $SWARMS was at 65 before the sell-off, but it dropped to 50 after the initial transaction, suggesting a shift from overbought to a more neutral territory [@ai_9684xtpa]. The subsequent buying activity pushed the RSI back up to 60, reflecting renewed buying pressure [@ai_9684xtpa]. The whale's actions have clearly influenced both the price and the market dynamics of $SWARMS.