DWF-Labs-LEVER-Deposits-1.8-Billion-Tokens-To-Binance-As-Price-Surges-By-12-percent
Key Points:
DWF Labs had received 1.8 billion of $LEVER from LeverFi’s Farming Reserves Wallet just six hours prior. This rapid transfer of assets raises questions about DWF Labs’ intentions.
Some suppose they are planning a strategic partnership with $LEVER, or there is another motive behind the transfer. After six hours of receiving the tokens, DWF Labs made another move, transferring the entire 1.8 billion $LEVER to Binance, effectively centralizing their holdings.
However, the decision not to distribute the received $LEVER immediately stems from concerns about liquidity. The crypto market’s volatility could lead to panic selling, a scenario both parties aim to avoid. Caution is advised, and investors are urged not to succumb to FOMO (Fear of Missing Out). It’s prudent to use only a small amount of capital when dealing with DWF Labs during this uncertain period.
As of now, the price of LeverFi (LEVER) has surged by nearly 12% over the last 24 hours, trading at around $0.00172 on Binance.
In a related update, Lookonchain reported that Wintermute has deposited 7.3 million $BLUR tokens ($1.3 million) to Kraken and Coinbase. This move follows a trend, as Wintermute has deposited a total of 46.6 million $BLUR tokens ($8.33 million) to exchanges in the past 30 days, indicating active participation in the crypto market.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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