2024

Spot

<p>DWF Labs recently deposited the last 24 million $JASMY tokens, worth $731,000, to <a href="https://www.binance.com/en" target="_blank" rel="noopener">Binance</a>. This transaction took place a few hours ago. It marks a significant milestone in their one-year contract as a market maker (MM) for Jasmy-MGT. It is set to expire in August.</p> 
<h2 class="wp-block-heading" id="dwf-labs-transfers-jasmy-to-binance-at-0-01788-average-price">DWF Labs Transfers JASMY to Binance at $0.01788 Average Price</h2> 
<p>In the past year, DWF Labs has been regularly involved in the management of $JASMY tokens. On June 26, 2023, they sold 700 million JASMY tokens on Gate.io at a rate of $0.004384 per token. This withdrawal occurred immediately after the Jasmy Deployer sent an equivalent amount to the <a href="https://blockchainreporter.net/glossary/centralized-exchange-cex/">centralized exchange (CEX)</a>.</p> 
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   <p lang="en" dir="ltr">DWF Labs (<a href="https://twitter.com/DWFLabs?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@DWFLabs</a>) just deposited the last 24M <a href="https://twitter.com/search?q=%24JASMY&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$JASMY</a> ($731K) to <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Binance</a> ~33 mins ago.<br><br>Notably, DWF Labs has a 1-year contract as an MM of <a href="https://twitter.com/JasmyMGT?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@JasmyMGT</a> that will expire in Aug:<br><br>• They withdrew 700M <a href="https://twitter.com/search?q=%24JASMY&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$JASMY</a> from <a href="https://twitter.com/hashtag/Gateio?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Gateio</a> at $0.004384 on Jun 26, 2023, right after Jasmy Deployer… <a href="https://t.co/TEJuDlWL1Z" target="_blank">pic.twitter.com/TEJuDlWL1Z</a></p>— Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1805526569416638485?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">June 25, 2024</a>
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<p>After this withdrawal, DWF Labs strategically transferred these tokens to Binance. Notably, they were able to achieve that at an average cost per token of $0.01788, which saw the value of the token rise by 308% in a year.</p> 
<h2 class="wp-block-heading" id="dwf-s-deposit-enhances-the-market-performance-of-jasmy">DWF’s Deposit Enhances The Market Performance of $JASMY</h2> 
<p>This series of transactions shows that DWF Labs is effective at handling and boosting the value of JASMY tokens. It is quite clear that their role as a market maker has been quite advantageous to the token in the market.</p> 
<p>As their contract is set to expire in August, it will be worth observing how the management of $JASMY tokens will be arranged. The activities conducted by DWF Labs in the last year show that they can deal with a significant number of tokens and seize the opportunities in the market.</p>

DWF Labs Deposits Last $24M JASMY Tokens to Binance

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