DWF transferred 2.5 million AXL to the suspected Axelar team address, equivalent to approximately $1.11 million

BlockBeats News, March 1st, according to Arkham Monitor, the DWF Labs address was marked as "Suspected Axelar Network" 2 days ago and received a transfer of 2.5 million AXL, equivalent to approximately $1.11 million. Based on the transfer records, it is speculated that the two parties may have concluded a market-making cooperation plan, and the actual situation needs to wait for updates from the DWF Labs and Axelar Network teams.

According to on-chain data, DWF Labs previously received 2.5 million AXL on December 9, 2023, valued at $1.93 million. Observational data on March 1, 2024, showed that DWF Labs held a total of 5 million AXL, valued at approximately $12 million at the time.

On May 6, 2024, DWF's liquidity market launched Axelar (AXL), and on October 12 of the same year, DWF Labs deposited 500,000 AXL into Binance, valued at around $420,000 at the time.

At the time of writing, AXL is currently trading at $0.4093, with a 2.92% increase in the last 24 hours, a 16.50% decrease in the last 7 days, a 21.87% decrease in the last 30 days, and a 58.28% decrease in the last 90 days.