It Turned Out That the Wallet That Sells Altcoins on Binance Is Not a Giant Market Maker!
It turned out that an address thought to belong to cryptocurrency market maker DWF Labs did not.
On-chain analysis platform Lookonchain included DWF Labs' Binance deposit address in a post shared on May 8. Stating that 1 million Fetch.ai (FET) worth $2.25 million was sent to this address named “0x5bb9”, Lookonchain explained that the address in question is not affiliated with DWF Labs.
The analysis platform, which came to this conclusion as a result of multiple confirmations, realized its mistake and shared a revised post.
A recent claim made by the Wall Street Journal stated that the DWF Labs front was manipulating the cryptocurrency market and the Binance team noticed this.
However, these claims were denied by both the Binance team and the DWF Labs team.
Shares are for informational purposes only and are not investment advice.
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