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Spotonchain data shows that in a significant market development, there has been an amazing surge of 51% in $JASMY coin price over the past week. This remarkable rise shows increased interest and optimism among investors about the future of cryptocurrency.
The $JASMY price is up 51% (7D).
— Spot On Chain (@spotonchain) May 31, 2024
Just now, DWF Labs (@DWFLabs) deposited 50M $JASMY ($1.57M) to #Binance.
Currently, DWF Labs holds 71M $JASMY ($2.24M) with an estimated total profit of $9.21M (+298%).
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DWF Labs Deposits 50M JASMY Tokens to Binance, Indicating Bullish Sentiment
DWF Labs, a major player in the crypto investment sector, recently deposited 50 million JASMY tokens worth approximately $1.57m into Binance. This indicates that the company is planning to take profit on Jasmy as it is getting 3x unrealized profit currently.
Currently, DWF Labs has invested heavily by holding onto a significant amount of 71 million JASMY coins equivalent to around $2.24m. The venture’s returns stand at roughly $9.21m, by this means implying 298% return on investment (RoI). Notably, this high profit margin speaks volumes about how lucrative and promising JASMY is as a digital asset for cryptocurrency trading.
JASMY Price Gains Seen as Market Evolves with Major Investments
DWF Labs currently holds a significant number of JASMY tokens. Therefore, it is perceived as approval of its future performance potential. Experts in the field indicate that similar actions by top stockholders can spur more investment in the token, thus maintaining the momentum for its price.
The events that have recently occurred with JASMY also show that the cryptocurrency market is constantly evolving and might lead to significant profits. Market participants will surely follow JASMY’s direction in the near term, waiting if the price will sustain the bullish momentum or not.