DWF Labs Suspected Address Deposits $724K in TOKEN on Gate.io
CryptoNewsTerminal Staff27 May, 2024
DWF Labs Suspected Address Deposits $724K in TOKEN on Gate.io
On-chain analyst ai_9684xpta recently revealed that an address believed to belong to the crypto market maker DWF Labs transferred 5 million TOKENs, valued at roughly $724,000, to the cryptocurrency exchange Gate.io just 7 minutes ago. The address in question currently holds approximately 14.67 million TOKENs. DWF Labs' suspected address transferred the funds in one transaction, indicating a possible business transaction or market movement. The analyst's findings highlight the importance of tracking on-chain activity to stay abreast of developments in the cryptocurrency market and anticipate potential price fluctuations.