Fetch.ai trading surges again! Will DWF Labs' large recharge spark another price storm?
On November 26, the latest data shows that two hours ago, Fetch.ai's multi-signature address transferred 5 million FET to DWF Labs' Binance recharge address, worth approximately 7 million USD. Three weeks ago, Fetch.ai had performed a similar operation. Since this recharge transaction, the FET price has seen a 4.47% pullback.
It is worth noting that DWF Labs has been active in the market as a market maker for FET since February of this year. Through frequent trading and precise market operations, they have successfully propelled the FET price to soar by 543%, becoming one of the market's barometers.
Behind the scenes, there are hidden mysteries
This flow of funds is undoubtedly another important signal for the market. Although the FET has slightly retreated currently, market participants are still closely watching DWF Labs' subsequent moves, expecting this to have a significant impact on FET's short-term price fluctuations.
In the short term, FET may continue to face volatility, and investors should be wary of the risks brought by price fluctuations. For those deeply researching players, seizing the core trends in the market is actually an opportunity to gain excess returns.
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