SWARMS — the native token of a decentralized AI-agent marketplace — has caused a stir among major investors. According to Solscan, the token has surged by more than 400,000% since launching on December 20, quickly becoming a top pick for “Smart Money.” However, the founder of ai16z has questioned the project’s reliability.
Within 10 minutes of going live, SWARMS was already among the leading tokens purchased by “smart wallets” on Solana. An hour later, it ranked as one of the most popular new assets among Smart Money. Notable transactions include:
- A “whale” who acquired $1.5 million in SWARMS.
- Three addresses with unrealized profits exceeding $21 million in total.
- The well-known crypto investor Ansem purchased 1.05 million SWARMS.
- One wallet spent $1,146 on an early buy and earned $1.04 million in returns, more than a 91% gain.
- Another investor made $2.39 million from selling SWARMS.
About SWARMS
SWARMS is the native token of a DeFi platform bearing the same name. It’s billed as a decentralized digital currency designed for secure transactions and user convenience. However, the total circulating supply and token emission mechanisms are unclear — raising questions among market participants.
The token is part of an ecosystem focused on decentralized financial operations. Holders can expect participation in project governance and the opportunity to earn staking rewards. Exact functionality, however, remains vague.
New Features for the SWARMS Marketplace
Developers recently announced updates aimed at attracting more creators and users:
- Automatic Creation and Upload: Quickly adding AI agents, tools, and swarm structures to the marketplace.
- Agent Monetization: The ability to sell developed AI solutions via paywalled access.
- SWARM Token Integration: Streamlining transactions using Phantom Wallet.
- Cloud APIs: Launching Swarm API in the cloud with a single click.
- Quality Rewards: Creators of top-tier agents receive SWARMS tokens as incentives.
- Real-Time Chat and API: Allows instant interaction with tools and agents.
- Usage Tracking: Monitor agent statistics in real time.
These updates seek to foster ecosystem growth and simplify automation.
Potential Reputation Issues
The ai16z founder claims SWARMS’ creator lacks programming skills and faces fraud accusations. He also mentioned evidence provided by members of Princeton and OpenAI supporting his claim.
Despite this, the project’s charts indicate ongoing interest. Over the past 24 hours, the asset rose by 27.74%. Additionally, SWARMS was recently added to Binance Alpha — a platform geared toward showcasing promising blockchain solutions. Although this is not a full listing, Binance Alpha allows users to explore projects before they debut on the main exchange.
This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.