$JASMY

JASMY Token Sent to the Stock Exchange for Sale

DWF Labs transferred some of its JASMY tokens to the cryptocurrency exchange Binance about 12 hours ago, as reported by Spot on Chain. As investors follow closely, altcoin JASMY has come to the fore in the cryptocurrency world with its effective increases in recent days. It seems that the famous market maker DWF Labs wants to evaluate this rise.

Of course, this evaluation process had a reflection for the cryptocurrency JASMY. JASMY, which rose to $0.040 before the development, fell to $0.034 after DWF Labs' move. This decrease should be considered normal when a large amount of tokens enter the market. On the other hand, let us also point out that JASMY coin is a token on the watch list on the cryptocurrency exchange Binance. Cryptocurrencies on the watch list are at risk of being delisted at any time.

DWF Labs Remains JASMY

The JASMYs subject to sale were a portion of DWF Labs' holdings. Accordingly, DWFLabs currently holds 24 million JASMY tokens worth approximately $841,000. Although this remaining amount is small compared to the sold figure, it shows that the famous market maker has made a significant discharge.

From time to time, we come across token moves by giant companies in the cryptocurrency market. While large purchases bring significant increases in token prices, as we see in the DWF Labs example, we sometimes encounter the fact that there are decreases in the crypto currencies sent to exchanges.

Here I have to say that it is difficult for investors to follow such movements of companies. We can usually learn about moves after they happen. By then, the price has already dropped. However, if we can note when such companies make purchases, it is possible to stay alert going forward.

My comment is if these guys are selling it, they know something.

Source:coinmarketcap