On January 7th, COINOTAG News reported significant activity in the crypto market following the announcement of the upcoming Binance Listing. Data from 0xScopescan indicates that a prominent SWARMS whale executed a substantial sell-off, offloading 2 million tokens valued at approximately $1.6 million. Consequently, the price of SWARMS experienced a notable decline, plummeting from $0.60 to $0.45, although it has since rebounded to a trading price of $0.49, marking a reduced 24-hour gain of 49%. Additionally, the market capitalization of SWARMS has seen a drop from $600 million to $490 million, reflecting the volatility often associated with large trades and market reactions to major exchange listings. Investors should remain vigilant, as shifts like these can greatly influence market dynamics.
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