Major Market Maker DWF Labs Moved These Altcoins with Rising Prices to Binance! Will it sell?

DWF Labs, one of the important market makers in the cryptocurrency market, continues its altcoin transactions.

DWF Labs, which recently purchased 3.3 million SPELLs worth $1.57 million, sent $FET and $JASMY to Binance today.

At this point, the popular cryptocurrency platform Lookonchain shared that DWF Labs recently deposited 2 million $FET (worth $465 thousand) and 100 million $JASMY (worth $354 thousand) to Binance.

DWF Labs recently deposited 2 million FETs (valued at $465k) and 100 million JASMYs (valued at $354k) on Binance.

DWF received 10 million FETs (valued at $2.15 million) from Binance on August 25 at a price of $0.22.

And on June 26, he bought 700 million $JASMY (worth $3.04 million) from Gateio when the price was $0.0044.”

DWF Labs(@DWFLabs) deposited 2M $FET($465K) and 100M $JASMY($354K) to #Binance just now.

DWF received 10M $FET($2.15M) from #Binance on Aug 25 when the price was $0.22.

And received 700M $JASMY($3.04M) from #Gateio on Jun 26 when the price was $0.0044.https://t.co/KOQ8NzeSw3 pic.twitter.com/ufO6S908JF

— Lookonchain (@lookonchain) September 21, 2023

While it was evaluated that DWF Labs most likely sent $FET and $JASMY altcoins to Binance for sale, the rise in $FET and $JASMY in recent hours attracted attention.

Accordingly, while $FET experienced an increase of more than 4% in the last two hours, $JASMY experienced an increase of up to 8%.

At the time of writing, $FET is trading at $0.233, just above DWF Labs' buying price of $0.22, while $JASMY is trading at $0.0037, below DWF Labs' buying price of $0.0044.

*This is not investment advice.