YZi Labs Transfers $206,000 in Tokens: Key Insights on ULTI and Other Unlisted Cryptos

On February 19th, COINOTAG News reported a significant transaction in the cryptocurrency market involving YZi Labs, formerly known as Binance Labs. The on-chain analyst Yu Jin highlighted that YZi Labs transferred $206,000 worth of seven distinct tokens to the Gate Exchange. This transaction, occurring just four hours prior, included tokens such as ULTI, OLE, MAVIA, SQR, NLK, PBUX, and WNCG.

All tokens in this transfer were acquired through YZi Labs’ strategic investment unlocking practice. Notably, these tokens have not yet seen listings on Binance, suggesting a tactical repositioning by YZi Labs to diversify its portfolio across various exchanges. This move points to the growing trend of institutional players actively managing their crypto assets while seeking optimal liquidity options.