The giant cryptocurrency market maker DWF Labs recently moved a large altcoin to Binance.
According to the on-chain data platform Lookonchain’s post on March 22, DWF Labs made a Beam (BEAM) transfer to Binance.
Last week, DWF Labs, which withdrew 130.8 million BEAM by spending 4.74 million dollars from the world’s largest cryptocurrency exchange Binance, has now transferred the same amount back.
During this process, DWF Labs incurred approximately $450,000 loss from 130.8 million BEAM.
According to CoinGecko data, BEAM is experiencing a significant pullback due to the correction in Bitcoin and the transfer from DWF Labs. Losing nearly 8% in total today, BEAM is currently trading at $0.03258 during the time of writing.
