DWF Labs, a major holder of Milady (LADYS) token, has recently transferred 100,000 of the cryptocurrency to an OKX deposit address. This move is being interpreted as a possible test transaction before a sell-off. Exchange deposits are usually leveraged by users to offload their total holdings, as this is one of the most convenient ways to do so. Because of the volatility of digital assets, especially those belonging to the meme coin niche, bearish sentiments have started to arise for the token. Unaffected by the news, Milady is currently trading at a spot price of $0.0000001421, with a 24-hour rise of 27%.
It was estimated that DWF Labs holds a total of 30.7 trillion LADYS, which amounts to 3.5% of the meme coin's total supply. With such a large count of tokens in their possession, the company has the capacity to sway sentiment by their every move. The impact of popular whales on certain digital currencies, like Dogecoin (DOGE) and Shiba Inu (SHIB) has already been substantial. Investors and like-minded peers have their eyes set on DWF Labs, waiting to see if the token will increase even further or recede into an oblivion.
Liam Smith
- 2023-05-15
DWF Labs' Move on 100,000 LADYS – Is a Sell-off Inbound?
DWF Labs has transferred 100,000 Milady tokens to an OKX deposit address which is believed to be a test before a possible sell-off. Will the whale's move have a positive or negative effect on the meme coin?
