Categories: News

DWFLabs Completes Final $JASMY Trade As Contract Nears End

DWFLabs has just completed the sale of their final 24 million $JASMY tokens, marking the end of their contract with Jasmy, which was set to conclude in August of this year.

This significant move hints at the possibility of Jasmy engaging a new market maker soon.

Earlier this year, DWFLabs executed a notable transaction involving $JASMY tokens. On June 26, 2023, they withdrew 700 million $JASMY from Gateio at a price of $0.004384.

This withdrawal came immediately after the Jasmy Deployer deposited the same amount into the centralized exchange. Over the past year, DWFLabs strategically deposited these tokens into Binance at an average price of $0.01788, realizing a remarkable 308% gain.

Related Post

Market makers like DWFLabs play a pivotal role in the cryptocurrency ecosystem, providing essential liquidity and stability. Their recent trades in $JASMY underscore this influence. By facilitating smoother transactions and reducing price volatility, market makers ensure a more reliable trading environment for investors.

The completion of DWFLabs’ contract with Jasmy and their final $JASMY trade signals a potential shift in the token’s market dynamics. With DWFLabs no longer in the picture, Jasmy might seek out a new market maker to continue ensuring liquidity and market stability. This transition could bring new opportunities and strategies for $JASMY trading, influencing its future price movements and market behavior.

Investors and traders will be keenly watching for any announcements from Jasmy regarding a new market maker. The expertise and strategies of the incoming market maker will be crucial in maintaining the momentum and stability that DWFLabs has provided over the past year.

As the market adjusts to these changes, the role of market makers in the crypto space remains as critical as ever, highlighting their impact on trading environments and investor confidence.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!

Will Izuchukwu

Will is a News/Content Writer and SEO Expert with years of active experience. He has a good history of writing credible articles and trending topics ranging from News Articles to Constructive Writings all around the Cryptocurrency and Blockchain Industry.

Share
Published by
Will Izuchukwu

Recent Posts

Algotech (ALGT) and PEPE Frontrun Memecoin Rally as Investors Look for Major Gains

The crypto sphere has seen fresh fervor as meme coins and emerging projects gain a…

2 hours ago

DTX Exchange (DTX) Blows Past BlockDAG (BDAG) & WienerAI to Become Hottest Presale of the Year

As the crypto market recovers now that all the German Government’s Bitcoin has been sold,…

2 hours ago

Crypto Investment 2.0: Discovering The Power Of Crypto

Floki (FLOKI), BlockDAG (BDAG), and Mog Coin (MOG) have all displayed bullish on-chart metrics, which…

3 hours ago

Api3DAO’s OEV Network Launch And Market Impact

Last week, Api3DAO launched its OEV network, an innovative on-chain solution designed to recover oracle…

9 hours ago

$FIGHT Soars 7500% In Two Days: Early Investors Reap Huge Rewards

In a remarkable turn of events, the meme cryptocurrency $FIGHT has skyrocketed by 7500% over…

10 hours ago

Scroll TVL Reaches $1 Billion As Market Sentiment Turns Bullish

Scroll, a prominent Ethereum Layer 2 network, has achieved a significant milestone by reaching $1…

10 hours ago