According to data from Onchain, market maker DWF Labs has made another large sell-off of the altcoin. Here’s the latest.
Cryptocurrency analysis company Spot On Chain reported a trade executed by a market maker DWF Labs today.
According to Onchain data, DWF Labs has sent tokens JASMY value 731 thousand dollars to the Binance cryptocurrency exchange. A total of 24 million tokens JASMY has been transferred to the exchange.
Notably, DWF Labs’ market-making agreement with Jasmy is set to expire in August. On June 26 last year, DWF Labs withdrew 700 million JASMY tokens from the Gateio exchange at a price of $0.004384.
It is also interesting that a similar number of tokens were transferred to Gateio by developers during the same period.
DWF Labs has continued to move these tokens to centralized exchanges over the past year. If DWF Labs were indeed selling the altcoins they transferred to centralized cryptocurrency exchanges, they would have sold for an average price of 0.01788 USDmeaning they were earned 308% profit from my JASMY.
DWF Labs has signed an agreement with this Memecoin
