DWF Labs transfers $1,5 million in altcoins to centralized exchanges

Blockchain analysts at Lookonchain reported this

12.06.2023 - 12:00

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What’s new? DWF Labs, a digital asset development and Web 3.0 investment company, deposited $1,5 million worth of altcoins to centralized exchanges (CEXs), blockchain analysts at Lookonchain reported. A total of 704,5 million coins were transferred, including 4,25 million CEEK, 300 million LABS, 40 million POND, 6250 TIME, 298 000 SIMP, 1,54 million UNO, 2,5 million IXS, 438 000 DFYN, 500 000 GF, 7,26 million TOKO, 50 million APM, and 40 000 AUCTION. The LABS token showed the largest daily gain (21,1%), while TOKO (3,2%) fell, according to aggregator CoinGecko.

1/ It seems that DWF labs is transferring altcoins to exchanges.Watch out for price changes if you hold these tokens.👇 pic.twitter.com/1jF5Vuvbgv — Lookonchain (@lookonchain) June 12, 2023

What other data are known? Lookonchain experts reported that DWF Labs holds 25 500 CFX ($4,63 million), 13,65 million RACA ($1,4 million), 7,3 million YGG ($968 000), 60 000 VINU ($715 000), 7 million RSS3 ($677 000), 3,5 million TRADE ($542 000), 4,5 million MV ($436 000) and 950 000 CELO ($385 700) in its reserves. Among the altcoins in the company’s stock, RSS3 showed the largest daily gain (5,6%) and MV (5,2%) fell.

On May 11, the price of the meme token Milady Meme Coin (LADYS), whose largest holder is DWF Labs, increased by 12 000% overnight. A sharp jump in the value of LADYS by about 10 000% occurred on May 10 after Elon Musk published a tweet with an image of the project’s girl mascot and the inscription “There is no meme. I love you.”

On April 13, amid news about the partnership of the EOS Network Foundation (ENF) with DWF Labs, the rate of the blockchain’s native token EOS increased by 6,71%. As part of the cooperation, the project will receive investments of $60 million.

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