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>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picks for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Unusual correlation of Gold and US Treasury Yield raises concerns <span class="self-center text-xs text-slate-500">56 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    SafeMoon V2 is up over 150% in a month; Is SFM back? <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    3 cryptocurrencies under $1 to buy for next week <span class="self-center text-xs text-slate-500">3 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Trader alert: PEPE set for massive 50% move <span class="self-center text-xs text-slate-500">3 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <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

Inhoudsopgave

TheBitTimes

Andere artikelen gepubliceerd op 12 apr 2024

World Blockchain Summit (WBS) Presented by SUN Minimeal Returns to Dubai for the 29th Edition

China has a Trojan Horse in US Bitcoin mining infrastructure

How Much Bitcoin and Ethereum the US, British and German Governments Hold? Here’s the Answer

Grayscale Files Updated S-1 Prospect for Bitcoin Mini Trust

Arkansas Senate Takes Bold Steps to Regulate Crypto Mining Amidst Growing Concerns

Ethereum ETF Idea Trashed by Max Keiser as SEC Keeps Silence

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!