Blockchain analytics platform Lookonchain has highlighted large transactions related to popular digital asset management and trading firm DWFLabs. DWFLabs recently received an additional 4.14 billion $X tokens, valued at approximately $308,000. This follows previous deposits of 89.7 billion $X tokens, worth $6.67 million. The tokens were deposited in KuCoin, Bybit, and OKX, indicating DWFLabs may be creating liquidity sources or trading with the $X token. The firm's interest in the $X ecosystem suggests belief in the token's long-term potential. The large token allocations to exchanges have sparked discussions and speculations about trading volume growth and potential sell-offs. The market direction and liquidity of the $X token will be impacted by DWFLabs' future trades.



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