DWF allegedly transferred 2.5 million AXL to the Axelar team address, approximately equivalent to 1.11 million USD

2025-03-01 20:41:54

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ChainCatcher news reports that, according to Arkham monitoring, the DWF Labs address transferred 2.5 million AXL, worth approximately 1.11 million USD, to an address marked by Arkham as "suspected Axelar Network" two days ago. Based on the transfer records, it is speculated that the two parties may have ended their market-making cooperation plan, and the actual situation will depend on updates from DWF Labs and the Axelar Network team.

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

On May 6, 2024, DWF liquidity market launched Axelar (AXL), and on October 12 of the same year, DWF Labs deposited 500,000 AXL into Binance, which was worth about 420,000 USD at that time.

As of the time of publication, AXL is currently priced at 0.4093 USD, with a 24-hour increase of 2.92%, a 7-day decrease of 16.50%, a 30-day decrease of 21.87%, and a 90-day decrease of 58.28%.

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