2024

Spot

Coin

<ul class="news-points"> 
 <li>DWF Labs transferred $5.83 million worth of assets to Binance, raising questions about their strategic objectives.</li> 
 <li>Notably, 329M JASMY and 1M FET were deposited, highlighting significant financial movements.</li> 
 <li>Profits of $6.3M from JASMY and $5.22M from FET underscore DWF Labs’ financial prowess.</li> 
</ul> 
OnChain data sourced from SpotonChain has revealed a substantial movement of assets by DWF Labs to the renowned <a href="https://coinedition.com/binance-exchange-review/">cryptocurrency exchange, Binance</a>. The transaction, which transpired over the past seven hours, saw a staggering $5.83 million deposited into Binance, involving two primary assets. 
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 DWF Labs (<a href="https://twitter.com/DWFLabs?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@DWFLabs</a>) deposited $5.83M in 2 assets to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a> in the past 15 hours, including: • 329M <a href="https://twitter.com/search?q=%24JASMY&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$JASMY</a> ($4.88M) at $0.01483. Current holding: 271M <a href="https://twitter.com/search?q=%24JASMY&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$JASMY</a> ($4.31M) with $6.44M in total profit. • 1M <a href="https://twitter.com/search?q=%24FET&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$FET</a> ($954K) at $0.954. Current holding: 3.05M <a href="https://twitter.com/search?q=%24FET&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$FET</a> ($3.27M) with $4.55M… <a href="https://t.co/OT2QBMxlPi" target="_blank" rel="nofollow">pic.twitter.com/OT2QBMxlPi</a>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1760530966664368387?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 22, 2024</a>
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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…
The post <a href="https://coinedition.com/large-asset-transfer-from-dwf-labs-to-binance-raises-eyebrows/">Large Asset Transfer From DWF Labs To Binance Raises Eyebrows</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Large Asset Transfer From DWF Labs To Binance Raises Eyebrows

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