SafeMoon V2

JasmyCoin

Gold

<div class="finbold">
 <p class="paragraph">DWF Labs, a known market maker and institutional investor in the cryptocurrency industry, has estimated profits superior to $8 million by trading JasmyCoin (JASMY) since June 2023.</p>
 <p class="paragraph">The professional crypto trading company first withdrew 700 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> JASMY on June 26, 2023, from the centralized exchange Gate.io. At that time, JASMY was priced at $0.004412 per <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a>, resulting in an estimated cost of $3.09 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>.</p>
 <p class="paragraph">Since then, DWF Labs has made strategic sellings of its JasmyCoin stash, depositing 579 million JASMY on Binance. This data is from <em>SpotOnChain</em>, which reported one deposit in 2023 and five deposits this year, likely representing a sell-off.</p>
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 <p class="paragraph">In particular, the selling activity likely occurred on September 21, 2023; February 21 and 22, and April 12. Therefore, the <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> <a rel="noopener noreferrer nofollow" title="maker" href="https://thebittimes.com/tag/maker.html">maker</a> has currently realized $5.93 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a>, according to <em>SpotOnChain</em>, while still holding $2.96 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> worth of 121 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> JASMY.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="628" src="https://cdn.thebittimes.com/images/2024/04/13/7ee873fdb33fcdc945b3c7b340388a95.webp" alt class="wp-image-168553" srcset="https://cdn.thebittimes.com/images/2024/04/13/7ee873fdb33fcdc945b3c7b340388a95.webp 1024w, https://cdn.thebittimes.com/images/2024/04/13/7ee873fdb33fcdc945b3c7b340388a95.webp 300w, https://cdn.thebittimes.com/images/2024/04/13/7ee873fdb33fcdc945b3c7b340388a95.webp 768w, https://cdn.thebittimes.com/images/2024/04/13/7ee873fdb33fcdc945b3c7b340388a95.webp 1522w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   DWF Labs deposits and withdrawals of JasmyCoin (JASMY). Source: <em>SpotOnChain</em>
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="h-jasmycoin-jasmy-price-analysis">JasmyCoin (JASMY) price analysis</h2>
 <p class="paragraph">JASMY was trading at $0.22 by the time of writing. From a technical analysis perspective, JASMY is forming what could be a bull flag pattern in the daily chart.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="662" src="https://cdn.thebittimes.com/images/2024/04/13/2277da47933aa100be4d43936f10342c.webp" alt class="wp-image-168554" srcset="https://cdn.thebittimes.com/images/2024/04/13/2277da47933aa100be4d43936f10342c.webp 1024w, https://cdn.thebittimes.com/images/2024/04/13/2277da47933aa100be4d43936f10342c.webp 300w, https://cdn.thebittimes.com/images/2024/04/13/2277da47933aa100be4d43936f10342c.webp 768w, https://cdn.thebittimes.com/images/2024/04/13/2277da47933aa100be4d43936f10342c.webp 1536w, https://cdn.thebittimes.com/images/2024/04/13/2277da47933aa100be4d43936f10342c.webp 1875w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   JASMY/USD daily price chart with DWF Labs withdrawal and deposits. Source: <em>TradingView</em>/Finbold
  </figcaption>
 </figure>
 <h2 class="wp-block-heading" id="what-is-jasmycoin-jasmy">What is JasmyCoin (JASMY)?</h2>
 <p class="paragraph">JasmyCoin is a digital token of the Jasmy platform, focusing on IoT data security and user privacy. It leverages blockchain to ensure decentralized data control, offering users ownership and monetization opportunities for their data.</p>
 <p class="paragraph">However, it faces market volatility, like many cryptocurrencies and regulatory challenges could affect its usability. Additionally, the IoT and data security sector’s competitive landscape poses risks to its adoption and value.</p>
 <p class="paragraph">Interestingly, DWF Labs has been selling its investments in the project, as regulatory scrutiny increases against privacy-focused projects. The professional market maker is known for making risky bets in cryptocurrency projects, some of which have controversial fundamentals.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/crypto-market-maker-profits-8-million-from-a-single-token-tbt85227.html">https://thebittimes.com/crypto-market-maker-profits-8-million-from-a-single-token-tbt85227.html</a></p>

Crypto market maker profits $8 million from a single token

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