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DWF Labs Cashes Out JASMY Tokens, Reaping Massive Profits on Binance

Published 06/26/2024, 12:40 AM
Updated 06/26/2024, 01:15 AM
DWF Labs Cashes Out JASMY Tokens, Reaping Massive Profits on Binance

  • DWF Labs sent 24 million JASMY tokens, equivalent to $731,000, to Binance.
  • The deposit represents the last tranche of JASMY tokens held by DWF Labs from June 2023.
  • DWF Labs has a one-year MM contract with Jasmy-MGT expiring in August 2024.

Spot On Chain, the AI-powered on-chain tracker, identified a significant JASMY transaction by DWF Labs. According to Spot On Chain, DWF Labs sent 24 million JASMY tokens, worth $731,000, to a Binance wallet on June 25, 2024.

In a recent post on X, the crypto on-chain tracker noted that the recently deposited tokens represent the last tranche of JASMY tokens held by DWF Labs from June 2023. Notably, DWF Labs has a running one-year contract with Jasmy-MGT, the firm behind JASMY cryptocurrency, as a Market Maker (MM) that will expire in August 2024.

Meanwhile, historical data s…

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