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The current SC swap does not have a price impact. If

you put 500,000 Waves in Waves > USDN SC swap and this swap happens immediately, you can get more 1$ coin than you sell 500,000 Waves in the market

Put Waves on all exchanges and sell 500,000 Waves for a second.
Will you be able to receive the current Waves price * 500,000 ?

Never.

However, instant swap without a price impact is possible.

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Yes, but i no see problem

Yes, I've read it. But what is the practical problem of getting more $1 coins in the SC swap than selling in the market?

if you sell in the market = Sale pressure = price dumpp

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