The price of JASMY has seen a significant uptick, surging by 27.55% in the past 24 hours.
This recent price movement contributes to its impressive weekly and monthly gains of over 43% and 95% respectively, providing substantial returns for its investors.
The trading volume over the past 24 hours has also skyrocketed, increasing by more than 400%.
Amidst this price surge, DWF Labs made a notable transaction, depositing 50 million JASMY tokens (valued at $1.57 million) to Binance at a price of $0.03149 per token. This strategic move by DWF Labs is part of a larger profitable venture into JASMY.
The $JASMY price is up 51% (7D).
Just now, DWF Labs (@DWFLabs) deposited 50M $JASMY ($1.57M) to #Binance.
Currently, DWF Labs holds 71M $JASMY ($2.24M) with an estimated total profit of $9.21M (+298%).
Follow @spotonchain and set alerts for DWF Labs now via… pic.twitter.com/7DUg1aTLUu
— Spot On Chain (@spotonchain) May 31, 2024
DWF Labs initially withdrew 700 million JASMY from Gate.io on June 26, 2023, at an estimated cost of $3.09 million, with each token priced at $0.004412. Since September 21, 2023, DWF Labs has deposited 629 million JASMY to Binance at an average price of $0.016, totaling approximately $10.06 million. As of now, they hold 71 million JASMY tokens, valued at $2.24 million.
DEF Labs Boasts Over $9.21 Million Profit From JASMY Investment
Overall, DWF Labs has achieved an estimated total profit of $9.21 million from their strategic JASMY investments, reflecting a 298% gain. This substantial profit underscores the potential for significant returns in the volatile cryptocurrency market, especially with well-timed and executed transactions.
These developments illustrate not only the dynamic nature of the crypto market but also highlight the importance of strategic investments and timely market actions. As JASMY continues to attract investor attention, it remains to be seen how the market will react in the coming days and whether these gains can be sustained.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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