- DWF Labs transferred $5.83 million worth of assets to Binance, raising questions about their strategic objectives.
- Notably, 329M JASMY and 1M FET were deposited, highlighting significant financial movements.
- Profits of $6.3M from JASMY and $5.22M from FET underscore DWF Labs’ financial prowess.
OnChain data sourced from SpotonChain has revealed a substantial movement of assets by DWF Labs to the renowned cryptocurrency exchange, Binance. The transaction, which transpired over the past seven hours, saw a staggering $5.83 million deposited into Binance, involving two primary assets.
DWF Labs (@DWFLabs) deposited $5.83M in 2 assets to #Binance in the past 15 hours, including:• 329M $JASMY ($4.88M) at $0.01483.
Current holding: 271M $JASMY ($4.31M) with $6.44M in total profit.
• 1M $FET ($954K) at $0.954.
Current holding: 3.05M $FET ($3.27M) with $4.55M… pic.twitter.com/OT2QBMxlPi
— Spot On Chain (@spotonchain) February 22, 2024
The assets in question are 329 million JASMY, valued at $4.88 million at a rate of $0.01483 per unit, and 1 million FET, amounting to $954,000 at a rate of $0.954 each. The deposit originates from the address 0xddacad3b1edee8e2f5b2…
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