A smart money investor had sold all $SWARMS tokens for a profit of $8.42 million just four days ago. The sale was a successful exit given that the investor made a huge return. However, the investor is giving $Swarms another try.
Smart Investor Buys 29.7M $SWARMS Tokens
According to Lookonchain, this same investor has made another move in the past few hours. Using $7.84 million, he bought back 29.7 million $Swarms tokens. On average, the tokens were bought for $0.26 each token.
The sale of $Swarms recently may have the investor concerned, but they continue to buy, which shows faith in its potential. It also demonstrates that the investor is keeping a close watch on the market. Keeping in view his previous, he will readjust its strategy in order to profit from the market conditions.
Smart Money Investor Boosts Position in $SWARMS Token
Recently, $SWARMS tokens have caught the eye of many because of their volatility and high return potential. This is yet another move by the investor to boost their position for another potential gain. It will be interesting to see if other investors follow suit as the market continues to shift.
Ultimately, as a smart money investor’s actions recently reported by Lookonchain demonstrate, the cryptocurrency market still has opportunities. The fact that they can sell for a profit and then go in again at a lower price is proof of a smart market sensibility. Watching how the $Swarms token will perform the coming days will be very important.
