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YGG, the native token of Yield Guild Games (YGG), a decentralized organization that invests in non-fungible tokens (NFTs) used in blockchain games, has more than doubled its price in a short time.
Climbing up to $ 0.65, YGG has climbed to a level that it has not been able to reach for about a year.
However, not everyone keeps their YGG tokens without selling them. According to data from LookOnChain, a service that tracks major cryptocurrency transactions, some of YGG's early investors may be selling their tokens on Binance, the world's largest cryptocurrency exchange.
One of the most notable vendors is DWF Labs, a market maker and liquidity provider, one of YGG's early investors.
One of the most notable vendors is DWF Labs, a market maker and liquidity provider, one of YGG's early investors. DWF Labs, son 3.65 milyon YGG tokenini (2.1 milyon dolar) bir saat önce Binance’e yatırdı.
DWF Labs received a total of 29.13 million YGG ($16 million) from the Yield Guild Games Treasury last year. With the last transaction, there is no YGG altcoin left in the treasury of the institution.
Two other investors also invested 3.57 million YGG ($2.06 million) in Binance after the price pump. BITKRAFT Ventures, a venture capital firm focused on gaming and esports, has invested 1.57 million YGG ($907,000) in Binance through its two institutional crypto trading platforms Wintermute Trading and FalconX.
Another whale with the address “0x639B” deposited 2 million YGG ($1.16 million) on Binance and still has 2 million YGG ($1.16 million) in its wallet.
*Not investment advice.