In a significant development, a crypto trader has invested in $Swarms after making substantial profits. According to Lookonchain, the trader has acquired 8 million $Swarms tokens after earning $1.5 million in gains from a previous $Swarms trade. The on-chain analytics platform shared the details of the trader’s significant investment in $Swarms on social media.
A trader who previously made over $1.5 million in profit on $Swarms has purchased an additional 8 million $Swarms tokens ($2.8 million) at an average price of $0.35, 6 hours ago.
Earlier, this trader bought 6.18 million $Swarms tokens at $0.13 and sold them at $0.38, earning more than $1.5 million. [Link to tweet]
Sharp $Swarms Trader Places Another Bet after Pocketing $1.5M
Lookonchain confirmed that a few hours ago, the crypto trader purchased 8 million $Swarms tokens for a total of $2.8 million. This acquisition indicates an average price of approximately $0.35 per token. This move demonstrates the trader’s strong belief in the potential of $Swarms following significant gains. According to market data, the trader previously bought 6.18 million $Swarms tokens at a price of $0.13 per token. Subsequently, the trader sold these tokens at $0.38, resulting in a profit of over $1.5 million.
The trader’s successful trades highlight their ability to capitalize on market movements and take advantage of the price volatility of $Swarms tokens. Furthermore, this latest investment reflects the trader’s growing confidence in the future growth of this crypto token.
Another Huge Investment in $Swarms Highlights Bullish Market Sentiment
According to Lookonchain, the trader’s significant investment in $Swarms may indicate a bullish sentiment towards this crypto token. This could potentially attract more investors seeking substantial gains. However, it also emphasizes the risks associated with speculative trading in a highly volatile market.