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BTC $77,563.64 +1.32%
ETH $2,130.64 +1.39%
BNB $664.55 +1.24%
XRP $1.36 +0.74%
SOL $86.08 +0.74%
TRX $0.3728 +1.82%
DOGE $0.1032 +1.17%
ADA $0.2466 +1.65%
BCH $349.72 -0.08%
LINK $9.61 +1.73%
HYPE $61.98 -1.78%
AAVE $86.80 +1.15%
SUI $1.05 +1.45%
XLM $0.1511 +2.93%
ZEC $665.85 -1.57%

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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