blockchainreporter.net
In a significant development, a crypto trader has invested in $Swarms after massive gains. As per Lookonchain, the trader has acquired 8 million $Swarms after pocketing $1.5 million in gains in the previous $Swarms trade. The on-chain analytics platform provided the details of the crypto trader’s big bet on $swarms on social media.
A trader who previously made over $1.5M in profit on $swarms bought another 8M $swarms($2.8M) at an average price of $0.35, 6 hours ago.
— Lookonchain (@lookonchain) January 9, 2025
Earlier, this trader bought 6.18M $swarms at $0.13 and sold at $0.38, earning more than $1.5M.https://t.co/bBlzA3mx8v… pic.twitter.com/hfWcdhkL1c
Sharp $Swarms Trader Places Another Bet after Pocketing $1.5M
Lookonchain asserted that, a few hours back, the crypto trader bought 8M $Swarms tokens for up to $2.8M. This acquisition indicates an average price of nearly $0.35 for each token. In this respect, the trader has displayed an enormous faith in $Swarms following substantial gains. In line with the market data, the crypto trader purchased 6.18 million $Swarms earlier at a per-token price of $0.13. Subsequently, trader sold the respective tokens at $0.38. This move reportedly resulted in a profit of over $1.5 million.
The resilient gains from the respective trade denote the ability of the trader to precisely capitalize on the market movements. Hence, the trader leveraged the price volatility of the $Swarms token. In addition to this, latest purchase signifies the trader’s increasing confidence in the crypto token in terms of further growth.
Another Huge Investment in $Swarms Highlights Bullish Market Sentiment
According to Lookonchain, the trader’s immense investment in $Swarms could point toward a bullish sentiment for the crypto token. This may likely attract more investors pursuing huge gains. Nonetheless, this also underscores the risks related to speculative trading within highly volatile market.