AXL Price Surges 42% in 24 Hours as DWF Labs Deposits 500K AXL Tokens into Binance

In the past 24 hours, $AXL has seen a remarkable 42% price increase, further fueled by a significant deposit from DWF Labs.

Over the last 24 hours, $AXL has seen a remarkable 42% price increase, further fueled by a significant deposit from DWF Labs.

Just three hours ago, DWF Labs transferred 500,000 $AXL (valued at $420,000) to Binance, catching the attention of market observers.

Despite this deposit, DWF Labs still holds a substantial 2.5 million $AXL, currently worth around $2.1 million.

DWF Labs initially received these tokens eight months ago at an average price of $1.12 per $AXL. Since then, they have been actively involved in significant token movements.

In a notable transaction, they sent 2 million $AXL (valued at $1.28 million) to an address linked to the Axelar project and subsequently to a burn address.

Interestingly, eight months ago, they received 2.5 million $AXL (worth approximately $2.95 million at the time) from a burn address, a transfer that has raised curiosity within the crypto community.

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