A strategic trader has gained attention after making impressive profits with a new cryptocurrency, Swarms (SWARMS). By combining fear of missing out, strategic accumulation, and knowledge gained from previous successes and losses, this trader has proved the potential of crypto trading in a volatile market. Let’s look at how the trader demonstrated his strategy.
Whale buys 7.15 million SWARMS
According to data from the crypto analyst AI, the whale spent $1.415 million early today to buy 7.15 million Swarms tokens, with an average price of $0.1979. After 18 hours from the purchasing time, the trader’s investment enormously grew. Now has an unrealized profit of $150,000 following SWARMS’ massive price upsurge.
14 days ago, the whale made waves by buying significant amounts of Swarms and made a total profit of $2,000 in two patches. According to the analyst, this profit is what encouraged the trader to purchase tremendous quantities of the tokens today.
As reported by the analyst, if the whale had the first 1.67 million Swarms tokens until now, his entire holdings would have given him a staggering profit of $345,000. Besides his Swarms, his wallet address also holds ZAILGO tokens currently worth $250,000.
The whale’s trading activity is evidence that Swarms, an AI crypto token, is gaining increasing attention among savvy investors. With its current remarkable price movement, this new token appears to provide investors with unique opportunities to maximize their returns amid the ongoing corrections being witnessed in the crypto markets.
SWARMS has joined the wave of AI agent tokens like ai16z, Zerebro, Virtuals Protocol, and others capturing rising interest from crypto investors. Their increasing demand is propelled by their promise of unleashing new investment opportunities, streamlining decision-making processes, and improving online user productivity.
SWARMS price updates
Swarms is currently trading at $0.2656, up 62.7% in the last 24 hours. According to CoinGecko, the crypto started trading seven days ago. It is currently up 1022% in the last seven days, meaning it is outperforming the broader digital asset market, which is up 5.10% currently. It is also outperforming similar AI cryptos which are up 24.30% at press time.
Initially, Swarms’ trading performance was not excellent. However, recently, on December 29, 2024, the token gained widespread popularity following a tweet from Shaw, the co-founder of ai16z Dao, about it. The tweet triggered immense community interest; eventually making the AI token witness tremendous uptrends. Currently, SWARMS boasts a market cap of $290.66 million, making it the 265th largest cryptocurrency in the wider crypto ecosystem according to CoinMarketCap.
Part of the reason Swarms trades high currently is also due to its recent listing by Binance a few days ago. On January 2, Binance announced the listing of several new tokens including degenai, TAOCAT, Swarms, and among others.
