In a bold move within the crypto market, a savvy trader has doubled down on SWARMS, investing another $8 million after reaping a significant $1.5 million profit from the same token.
This strategic reinvestment has sparked curiosity and excitement among investors, potentially causing interest in another cryptocurrency to watch: iDEGEN, a community-driven AI token that’s rapidly gaining traction.
Trader leverages the SWARMS success story
SWARMS has been on a spectacular rise since its launch towards the end of 2024.
Despite experiencing a scare pullback after its first listing on Binance, the coin has rebounded, gaining 26% over the past 24 hours according to CoinGecko.
Despite its recent pullback, the coin has gained 2,223% since its launch.
This massive price surge has attracted quite a number of investors including whales who believe the coin could be on the verge of an even greater rally.
One of the whales first purchased 6.18 million tokens at an average price of $0.13 and later sold these tokens at $0.38 each, banking a profit of over $1.5 million.
On January 9, the same whale decided to buy another 8 million SWARMS tokens at $0.35 each, representing a total investment of $2.8 million.
A trader who previously made over $1.5M in profit on $swarms bought another 8M $swarms($2.8M) at an average price of $0.35, 6 hours ago.
Earlier, this trader bought 6.18M $swarms at $0.13 and sold at $0.38, earning more than $1.5M.
solscan.io/account/2eNWWk……
190
Reply
This move suggests not only confidence in SWARMS but also a belief in its potential for further growth, given the token’s recent volatility and performance.
The trader’s actions illustrate a pattern of capitalizing on market movements, a skill that many in the crypto space aspire to master.
However, this also underscores the speculative nature of cryptocurrency investments, where high rewards come with high risks, especially in a market known for its volatility.
iDEGEN could be the next coin for investors to reap big
While SWARMS continues to be a focal point for traders, another cryptocurrency, iDEGEN, is emerging as a potential next big thing.
iDEGEN stands out not just as another token but as an AI-powered project where the community shapes its very essence.
Born on November 26th with its token presale, iDEGEN has already raised over $16 million, selling more than 1.315 billion tokens.
iDEGEN’s presale utilizes an innovative dynamic auction system, where the price adjusts every five minutes based on buying activity.
This system has created a buzz, with the price potentially increasing or decreasing by 5% depending on the number of purchases made.
Besides the innovative presale pricing model, the other unique selling point of iDEGEN is its AI, which learns from every tweet it’s mentioned in, evolving without human interference.
This AI, described as a “sentient, degenerate memelord,” is entirely molded by the community’s input, leading to unpredictable and exciting developments.
The excitement around iDEGEN stems from its novelty and the sense of ownership it instills in its supporters.
They’re not just investing in a token; they’re actively participating in raising an AI that could redefine crypto memes, market predictions, or even venture into uncharted territories.
As iDEGEN prepares for its official listing on major exchanges on January 1st, 2025, at a price 10% higher than the final auction price, the community’s anticipation is palpable.
It could be the next coin for investors looking to make huge profits like the ones made by the SWARMS whale.
The post Trader reinvests $8M in SWARMS after making $1.5M profit: is this coin next? appeared first on Invezz
