DWF Labs recently deposited the last 24 million $JASMY tokens, worth $731,000, to Binance. This transaction took place a few hours ago. It marks a significant milestone in their one-year contract as a market maker (MM) for Jasmy-MGT. It is set to expire in August.
DWF Labs Transfers JASMY to Binance at $0.01788 Average Price
In the past year, DWF Labs has been regularly involved in the management of $JASMY tokens. On June 26, 2023, they sold 700 million JASMY tokens on Gate.io at a rate of $0.004384 per token. This withdrawal occurred immediately after the Jasmy Deployer sent an equivalent amount to the centralized exchange (CEX).
After this withdrawal, DWF Labs strategically transferred these tokens to Binance. Notably, they were able to achieve that at an average cost per token of $0.01788, which saw the value of the token rise by 308% in a year.
DWF’s Deposit Enhances The Market Performance of $JASMY
This series of transactions shows that DWF Labs is effective at handling and boosting the value of JASMY tokens. It is quite clear that their role as a market maker has been quite advantageous to the token in the market.
As their contract is set to expire in August, it will be worth observing how the management of $JASMY tokens will be arranged. The activities conducted by DWF Labs in the last year show that they can deal with a significant number of tokens and seize the opportunities in the market.
