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BTC $77,316.42 -0.36%
ETH $2,311.39 -0.13%
BNB $628.21 -1.41%
XRP $1.42 -1.27%
SOL $85.73 -0.78%
TRX $0.3240 -0.12%
DOGE $0.0978 -0.10%
ADA $0.2487 -1.03%
BCH $452.78 -1.24%
LINK $9.31 -0.60%
HYPE $41.17 +0.20%
AAVE $94.28 +0.47%
SUI $0.9336 -1.73%
XLM $0.1708 -2.15%
ZEC $353.42 -3.12%

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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