Last night, four whales invested a total of $5.44 million in $SWARMS, significantly impacting its market cap, which surged to $500 million. This event was reported by Ai 姨 (@ai_9684xtpa) on January 7, 2025. The market cap increase was immediate and direct, reflecting the substantial capital injection from these large investors. The whales' involvement in SWARMS is not new; they have previously engaged in multiple buy and sell transactions, accumulating a profit of $1.318 million, as indicated by the same source.

The trading implications of this whale activity are significant. Given their history of non-committal investment, there is a risk that these whales might exit their positions at any time, which could lead to a rapid price drop in $SWARMS. According to Ai 姨, one whale, with the address ATZ6K...cFjvj, spent $1.74 million over the last 22 hours at an average cost of $0.3782 per token. This whale's recent investment suggests a short-term bullish sentiment, but the potential for quick exits remains a concern for traders.

Technical indicators and trading volume data further illuminate the situation. The on-chain metrics show that the trading volume of $SWARMS increased by 35% within the last 24 hours, as reported by Ai 姨. This spike in volume coincides with the whale investments. Additionally, the Relative Strength Index (RSI) for $SWARMS was recorded at 72, indicating overbought conditions as of January 7, 2025. The market depth also saw an increase, with buy orders at $0.37 and sell orders at $0.39, suggesting a potential resistance level at $0.39. The Moving Average Convergence Divergence (MACD) showed a bullish crossover, which could support further short-term gains but should be monitored closely given the whales' non-committal behavior.