Altcoin whale made $8 million in sales on a project he was making a profit on.
According to data provided by Lookonchain, a cryptocurrency investor sold 25.69 million SWARMS via limit orders on January 8 for 44,932 SOL ($8.82 million).
With this transaction, the investor made a profit of 42,872 SOL ($8.42 million). A large trading volume and profit margin showed that the investor followed market movements correctly and managed risks well, making a significant profit.
Such large trading movements can have significant effects on the market that should be monitored carefully.
SWARMS, which climbed from an average market value of $20-30 million to $600 million, left serious profits to many early investors, especially with the news of Binance's listing.
Whales turned extreme increases into sales, causing the market value to drop to $300 million.
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