Famous Market Maker DWF Labs Made a Large Transfer of Two Altcoins to Binance and Dumped Their Prices!

DWF Labs, one of the important market makers in the cryptocurrency market and attracting attention with its investments, continues to sell altcoins as well as purchases and investments.

At this point, popular market maker DWF Labs transferred 2 different altcoins to the leading cryptocurrency exchange Binance.

According to Spot on Chain’s post, DWF Labs sent 329 million JasmyCoin (JASMY) worth $4.88 million at a price of $0.01483 to Binance and 1 million Fetch.ai (FET) worth $954 thousand at a price of $0.954.

It was stated that after the transfers, DWF Labs was left with 271 million JASMY worth 4.3 million dollars and 3.05 million FET worth 3.27 million dollars.

DWF Labs’ total profit on JASMY was $6.44 million, while FET profit was $4.55 million.

“DWF Labs deposited $5.83 million from 2 altcoins to Binance in the last 15 hours.

He first deposited 329 million JASMY ($4.88 million) at $0.01483. After this transfer, the company remained with 271 million JASMY ($4.31 million) and its total JASMY profit was 6.44 million dollars.

Second at $0.954. He deposited 1 million FET (954 thousand dollars). After this transfer, the company remained with 3.05 million FET ($3.27 million) and the total FET profit was 4.55 million dollars. “

After these transfers, JASMY and FET decreased by around 10%.

DWF Labs (@DWFLabs) deposited $5.83M in 2 assets to #Binance in the past 15 hours, including:

• 329M $JASMY ($4.88M) at $0.01483.
Current holding: 271M $JASMY ($4.31M) with $6.44M in total profit.

• 1M $FET ($954K) at $0.954.
Current holding: 3.05M $FET ($3.27M) with $4.55M… pic.twitter.com/OT2QBMxlPi

— Spot On Chain (@spotonchain) February 22, 2024

*This is not investment advice.

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