DWF Labs Deposits Remaining $JASMY to Binance, Reaps $9.45M Profit!
DWF Labs has just deposited the remaining 24 million JASMY tokens, valued at $731,000, to Binance about 57 minutes ago.
Address: 0xddAcAd3B1edee8E2F5b2e84f658202534fcb0374
DWF Labs, under a 1-year market-making contract for Jasmy set to expire in August, initially withdrew 700 million JASMY from Gate.io at $0.004412 per token (estimated cost: $3.09 million) on June 26, 2023, following a deposit from Jasmy Deployer to the CEX. Over the past year, these tokens were gradually deposited to Binance at an average price of $0.01788, totaling $12.5 million.
This strategic trading has allegedly resulted in a substantial profit of $9.45 million, reflecting a 308% gain.
