DWF Labs Moves $3.3 Million Worth of JASMY to Binance
CryptoNewsTerminal Staff03 Jun, 2024
DWF Labs Moves $3.3 Million Worth of JASMY to Binance
According to data from SpotOnChain, an estimated address belonging to crypto market-making firm DWF Labs has transferred a total of 97 million JASMY ($3.3 million) to Binance over the past three days. The most recent transfer was made 12 hours ago. The address currently holds 24 million JASMY, worth around $841,000. JASMY is currently trading at $0.03487, up 0.90% on the day, according to CoinMarketCap. The reason for these transfers is unclear, but it is worth noting that DWF Labs has been a major player in the JASMY market in the past. In 2021, the firm was responsible for over 50% of all JASMY trading volume. It is also worth noting that JASMY has been on a tear lately, rising over 200% in the past month. This could be another reason why DWF Labs is moving its JASMY to Binance, as the firm may be looking to take advantage of the recent price surge.
