Over the past 13 hours, significant whale activity has been observed in the $SWARMS market. Address 8rJNVg...ZiKa has employed a Dollar-Cost Averaging (DCA) strategy to purchase 7.42 million $SWARMS at an average price of $0.46, amounting to a total expenditure of $3.39 million as of January 7, 2025, at 14:00 UTC [@lookonchain]. This whale's consistent buying over a short period indicates a strong belief in the future appreciation of $SWARMS.

The trading implications of these whale purchases are significant. The buying pressure exerted by 8rJNVg...ZiKa has likely contributed to the recent price movements of $SWARMS. On January 7, 2025, at 14:00 UTC, the price of $SWARMS was observed to be $0.46, a direct result of the whale's buying activity [@lookonchain]. Additionally, another whale, associated with addresses AJNhqg...ZL3H and H1zFMU...cEAe, withdrew 10 million $SWARMS from Bitget 2 days prior, on January 5, 2025, at 12:00 UTC, and subsequently bought 2 million $SWARMS from a decentralized exchange (DEX) 14 hours ago, on January 7, 2025, at 00:00 UTC, at an average price of $0.36, amounting to $713,000 [@lookonchain]. This whale's actions have led to an unrealized profit of $1.75 million as of January 7, 2025, at 14:00 UTC, further indicating bullish sentiment in the market.

Technical indicators and trading volumes provide additional insights into the market dynamics. On January 7, 2025, at 14:00 UTC, the 24-hour trading volume for $SWARMS was reported at $12.5 million across various exchanges [@lookonchain]. The Relative Strength Index (RSI) for $SWARMS stood at 65, suggesting that the asset is approaching overbought territory [@lookonchain]. The moving average convergence divergence (MACD) indicator showed a bullish crossover on January 6, 2025, at 18:00 UTC, further supporting the upward momentum in $SWARMS [@lookonchain]. These indicators, combined with the whale accumulation, suggest that traders should closely monitor $SWARMS for potential price surges in the near future.