In a notable development, a professional cryptocurrency trader has made a substantial investment in $Swarms after experiencing significant profits. According to Lookonchain, the trader has acquired 8 million $Swarms tokens after earning $1.5 million from a previous trade involving $Swarms. The on-chain analytics platform released details of the trader’s significant bet on $Swarms through social media.
A trader who previously earned over $1.5 million in profit from $Swarms has purchased an additional 8 million $Swarms tokens ($2.8 million) at an average price of $0.35, six 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. [insert image]
Lookonchain (@lookonchain) on January 9, 2025
Experienced $Swarms Trader Makes Another Investment after Earning $1.5 Million
Lookonchain confirmed that the cryptocurrency trader recently bought 8 million $Swarms tokens for a total of $2.8 million. This purchase indicates an average price of approximately $0.35 per token. By making this investment, the trader has demonstrated a strong belief in the future success of $Swarms following substantial gains. According to market data, the trader previously purchased 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 consistent gains from these trades highlight the trader’s ability to effectively capitalize on market movements and take advantage of the price volatility of $Swarms. Furthermore, this recent investment showcases the trader’s growing confidence in the cryptocurrency token and its potential for further growth.
Another Significant Investment in $Swarms Reflects Positive Market Sentiment
According to Lookonchain, the trader’s substantial investment in $Swarms may indicate a bullish sentiment towards the cryptocurrency token. This could potentially attract more investors seeking significant profits. However, it is important to note that speculative trading within highly volatile markets carries inherent risks.