DWF Labs Boosts Fetch.ai (FET) Holdings with 1 Million FETs Deposit to Binance, Price Soars 42%

On September 26, COINOTAG news highlighted a significant movement in the cryptocurrency market. According to Spot On Chain monitoring, 14 hours previously, DWF Labs had deposited 1 million FET tokens, valued at approximately $1.68 million, to Binance. Notably, the price of FET has surged by 42% since being added to DWF Labs’ portfolio. These tokens are part of a larger transaction from September 3, where DWF Labs received 10 million FETs, then worth $11.8 million, from the Fetch.ai Foundation. As of now, DWF Labs retains 9 million FETs, currently valued at $14.5 million, making it the largest asset in their portfolio. This strategic move underscores the significant role DWF Labs plays in the market and the growing interest in Fetch.ai’s ecosystem.