Crypto Trader Again Invests in $Swarms after $1.5 Million in Gains

Crypto

Crypto Trader Again Invests in $Swarms after $1.5 Million in Gains

In a significant development, a crypto trader has invested in $Swarms after massive gains. As per Lookonchain, the trader has acquired 8 million $Swarms after pocketing $1.5 million in gains in the previous $Swarms trade. The on-chain analytics platform provided the details of the crypto traders big bet on $swarms on social media.

Sharp $Swarms Trader Places Another Bet after Pocketing $1.5M

Lookonchain asserted that, a few hours back, the crypto trader bought 8M $Swarms tokens for up to $2.8M. This acquisition indicates an average price of nearly $0.35 for each token. In this respect, the trader has displayed an enormous faith in $Swarms following substantial gains. In line with the market data, the crypto trader purchased 6.18 million $Swarms earlier at a per-token price of $0.13. Subsequently, trader sold the respective tokens at $0.38. This move reportedly resulted in a profit of over $1.5 million.

The resilient gains from the respective trade denote the ability of the trader to precisely capitalize on the market movements. Hence, the trader leveraged the price volatility of the $Swarms token. In addition to this, latest purchase signifies the traders increasing confidence in the crypto token in terms of further growth.

Another Huge Investment in $Swarms Highlights Bullish Market Sentiment

According to Lookonchain, the traders immense investment in $Swarms could point toward a bullish sentiment for the crypto token. This may likely attract more investors pursuing huge gains. Nonetheless, this also underscores the risks related to speculative trading within highly volatile market.