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BTC $61,218.59 -2.78%
ETH $1,580.99 -5.86%
BNB $580.28 -1.94%
XRP $1.09 -3.29%
SOL $63.20 -4.40%
TRX $0.3197 -1.54%
DOGE $0.0821 -2.71%
ADA $0.1591 -2.75%
BCH $223.74 -0.72%
LINK $7.43 -2.55%
HYPE $60.15 -3.03%
AAVE $61.93 -9.75%
SUI $0.7122 +0.15%
XLM $0.2007 +4.40%
ZEC $375.19 +18.14%

Analysts: Wintermute and DWF Labs play a significant role in the price trend of CYBER

2023-09-04 08:27:28
Collection

ChainCatcher news reports that, according to The Data Nerd monitoring, Wintermute and DWF Labs played a significant role in the price movement of CYBER over the past two weeks.

On August 15, Wintermute received 144,900 CYBER tokens (approximately $929,000) from the CyberConnect team at an average price of $6.4 and deposited all of them into Binance shortly after to increase liquidity.

On August 20, the CyberConnect multi-signature wallet transferred a total of 133,300 CYBER (approximately $603,000) to the Wintermute OTC wallet at an average price of $4.4. Then, Wintermute transferred all CYBER to Binance; additionally, the Binance contract trading platform launched the CYBER/USDT trading pair that day.

On August 21, the CyberConnect team deposited another 35,000 CYBER (approximately $165,000) into Binance via Wintermute OTC. On August 30, Wintermute received another 205,000 CYBER ($2 million) and deposited it into CEX at an average price of $6.95.

Overall, Wintermute deposited a total of 518,000 CYBER into CEX (4.6% of the initial supply).

Meanwhile, DWF Labs withdrew 170,000 CYBER (approximately $765,000) from Binance at an average price of $4.5 on August 22. They then deposited all tokens into Bithumb at a price of $8.57, which would have yielded a profit of $691,000 (190%) if sold at that time.

Additionally, a new wallet starting with 0x9b7 was monitored with a total transaction volume of 7.74 million CYBER. It received most of the CYBER from Upbit and then deposited it into Binance.

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