DWF Labs deposits the remaining $JASMY into Binance, making a profit of 9.45 million USD!

DWF Labs just deposited the remaining 24 million JASMY tokens, worth $731,000, into Binance about 57 minutes ago.

Address: 0xddAcAd3B1edee8E2F5b2e84f658202534fcb0374

DWF Labs, under a 1-year market making contract for Jasmy that expires in August, initially withdrew 700 million JASMY from Gate.io at 0.004412 USD per token (estimated cost: 3.09 million USD) on June 26, 2023, following a deposit from Implementer Jasmy to CEX. Over the past year, these tokens have gradually been deposited into Binance at an average price of 0.01788 USD, for a total value of 12.5 million USD.

This strategic transaction is said to have delivered a significant profit of $9.45 million, reflecting a gain of 308%.