Fetch.ai Sees $7 Million Transfer to DWF Labs as FET Faces 4.47% Dip

On November 26th, COINOTAG News reported a significant transaction involving Fetch.ai (FET). According to the monitoring data from ai_9684xtpa, a multi-signature address associated with Fetch.ai transferred approximately 5 million FET to the DWF Labs Binance deposit address, amounting to nearly 7 million U.S. dollars. This strategic move mirrors a similar operation executed by the project team just three weeks prior. Following this substantial deposit, FET experienced a price decline of 4.47%. Notably, DWF has been an active market maker for FET throughout the year, which contributed to a remarkable 543% price increase in February. Such market activities highlight the evolving dynamics within the cryptocurrency space and underscore the importance of monitoring institutional engagements.