Swarms (SWM): Carving the Boat to Find the Sword

AI Agent has become a hot topic in current on-chain transactions. From ai16z to Virtual, and then to Swarms, in just one month, the AI Agent track has once again derived a new sub-ecology in the MEME field.

This article analyzes the on-chain data of Swarms tokens, a popular AI Agent token, and compares it with the data of other AI Agent tokens to identify potential trends and large investor behavior.

Here are the key takeaways:

Most large investors began entering the Swarms market after January 2, indicating that they missed the early price bottom. However, some early investors bought at prices as low as $0.01-$0.05.

The average initial purchase price for Swarms tokens among the top 1,000 holding addresses was $0.17, while the average first sale price was $0.23, showing a profit multiple of about 2.43 times the purchase price.

The address with the highest initial transfer amount received over $4.13 million in Swarms tokens, while the address that purchased the tokens early on, starting December 20, currently holds tokens worth over $27.33 million and has a profit of about $25.44 million without selling.

Several addresses, such as 5NQTp9jHbz and H1zFMUjYLz, used a method of collecting tokens from multiple addresses into one address, likely indicating a strategy of entering the market through small purchases and gradually concentrating the tokens.

A comparative analysis of the top 1,000 holding addresses for six AI Agent tokens, including Fartcoin, GRIFFAIN, ZEREBRO, ai16z, arc, and Swarms, revealed that 27% of the addresses purchased multiple AI Agent tokens.

The total value of AI-themed tokens held by the 1,647 large addresses that appeared repeatedly across the six tokens was over $1.58 billion, with 29 addresses holding AI tokens worth over $10 million, totaling approximately $690 million.

Overall, the article provides insights into the behavior of large investors in the AI Agent token market and highlights the importance of analyzing transaction behavior rather than simply tracking smart money addresses.