Amid the resurgence of Real-World Assets (RWA) and Tokenfi trends, DWF Labs has made a significant move by depositing 3 million TOKEN. ($322,000) to Gate.io for $0.107 per token.
This transaction highlights DWF Labs’ strategic engagement with the TOKEN ecosystem.
In particular, DWF Labs received 120 million TOKEN from two multi-signature wallets of the Floki team on November 1, 2023. His TOKEN price at this time was $0.031, and the value of the transfer was approximately $3.67 million.
Since then, DWF Labs has been active in the market and has deposited 90.935 million TOKEN on various centralized exchanges (CEX) such as Gate.io, Bybit, MEXC, KuCoin, and Bitfinex.
These deposits were made at an average price of $0.07 per token, translating to a total value of $6.29 million, a massive 228% increase from the initial price.
In the return of #RWA and #Token fee Trends, DWF Labs (@DWFLabs) Deposit 3M $token (from $322,000) #Gateio 15 hours ago!
they received 120 million $token from #Floki Team on November 1, 2023, the price was $0.031.
And so far I have deposited 90.94 million $token ~$0.07 (+228%) to CEX.
DWF… pic.twitter.com/M31DvzxPHv
— Spotonchain (@spotonchain) May 18, 2024
DWF Labs still holds 29.67 million tokens (worth approximately $3.18 million)
Currently, DWF Labs holds 29.67 million tokens (worth approximately $3.18 million). Despite the recent 2% decline in TOKEN’s price, the asset has risen 14% in the past 7 days, reflecting a volatile but upward trend.
DWF Labs’ strategic deposits have undoubtedly influenced TOKEN’s market performance and contributed to the recent price movement. The company’s ability to capitalize on market trends and execute timely trades has demonstrated its important role in the TOKEN ecosystem.
The broader context for this activity is renewed interest in RWA and Tokenfi, sectors that are gaining traction as investors seek diverse opportunities within the crypto market. DWF Labs’ strategy signals a calculated effort to capitalize on these trends and position itself well in an evolving market environment.
As the TOKEN price trend continues to unfold, market participants will be keeping a close eye on DWF Labs’ next move. Their actions not only influence TOKEN’s market performance, but also provide insight into broader market strategies within the RWA and Tokenfi domains.
Disclosure: This is not trading or investment advice. Always do your research before purchasing any cryptocurrency or investing in any service.
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