DWF Labs Deposits Massive Amounts of JASMY to Binance, Token Price Surges Over 40%
In a thrilling plot twist, one of the top market makers, DWF Labs, recently deposited colossal amounts of JASMY, an ERC-20-based token, to Binance, one of the world’s leading cryptocurrency exchanges. This transfer promptly garnered noteworthy interest among crypto market enthusiasts as JASMY’s price surged over 40% in the past 24 hours.
The surge in JASMY’s price is primarily attributed to regulatory relief in Japan and other factors. It has caught the attention of crypto market traders and investors globally, positioning itself as Japan’s Bitcoin.
A Closer Look Into The Report
Data revealed by Scopescan shows that DWF Labs transferred 380 million JASMY tokens worth $5.9 million to Binance within the past 24 hours. Additionally, Lookonchain data suggests that DWF Labs acquired 700 million JASMY tokens worth $3.15 million from Gate.io in June 2023.
Despite the massive transfer to Binance, JASMY’s price rally continued. Derivatives data also indicated an uptrend for the token.
Coinglass data revealed a significant spike in JASMY’s open interest and volume, fueling market optimism for the token. The easing of crypto regulations in Japan and increased whale activity further contribute to its upward momentum.
These factors have led to significant gains for JASMY within the broader crypto market.
JASMY Price Soars
The JASMY token has experienced a surge of 36.11% in the past 24 hours and is currently trading at $0.0179. Over the past week, the token has seen a phenomenal surge of 189.05%.
Furthermore, JASMY’s market cap has increased by 34.48% to reach $877.23 million, and its trading volume has jumped by 96.90% to reach $1.63 billion.
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