DWF Labs deposited the remaining JASMY to Binance

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Jun 25, 2024

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DWF Labs deposited the remaining JASMY to Binance

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Related addresses

DWF Labs 0xddA

Total tokens transferred

24M

JASMY

Related transactions

DWF Labs 0xddA

Binance deposit

Jun 25, 08:16

DWF Labs just deposited the remaining 24M JASMY ($731K) to Binance:

transaction: 0x69e0c03857c677bdad38a4ad5b574e6f49fec37614f24e14859abadce4654215
address: 0xddAcAd3B1edee8E2F5b2e84f658202534fcb0374
This address belongs to the entity DWF Labs

Notably, DWF Labs has a 1-year contract as a market maker for Jasmy that will expire in August:

withdrew 700M JASMY from Gate.io at $0.004412 (estimated cost: $3.09M) on June 26, 2023, right after Jasmy Deployer deposited the amount to the CEX;
gradually deposited the tokens to Binance at an average price of $0.01788 ($12.5M) over the past year.

As such, DWF Labs allegedly made $9.45M (+308%) after a year of trading JASMY.

Fig 1. DWF Labs' overall JASMY trading history.

#jasmy

#deposit

#binance

#remaining

#profit

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