DWF Labs' Address Deposits $1.26 Million JASMY on Binance, Fueling Speculation
CryptoNewsTerminal Staff01 Jun, 2024
DWF Labs' Address Deposits $1.26 Million JASMY on Binance, Fueling Speculation
DWF Labs Suspected Address Deposits $1.26 Million JASMY on Binance On-chain analyst ai_9684xtpa revealed on Twitter that a suspected address belonging to crypto market-making firm DWF Labs recently transferred 35 million JASMY tokens, valued at approximately $1.26 million, to Binance. This action follows a similar deposit of JASMY tokens worth $1.56 million to Binance on May 31st from the same address. According to ai_9684xtpa, "JASMY spiked 15% yesterday after the deposit." The address now holds around 71 million JASMY tokens, equivalent to $2.57 million. These substantial deposits raise questions about DWF Labs' intentions and the potential impact on the JASMY market.
