Former DWF Labs co-founder Eugene Ng's associated address deposited 12.9 billion CAT to Binance, equivalent to approximately 830,000 USD

Foresight News reported that on-chain analyst @ai_9684xtpa monitored that CAT was listed on Binance's spot market at five o'clock, while the associated address of former DWF Labs co-founder Eugene Ng deposited 12.9 billion CAT (approximately 830,000 USD) to Binance three hours before the opening, suspected of selling. This fund can be traced back to August 2024, receiving 9 billion CAT from the Disperse contract when the price was only 0.00001547 USD, which has since quadrupled.

Additionally, both DWF and Wintermute are market makers for CAT, with DWF's market-making address receiving 36 billion tokens for market making on August 20.