DWF transferred 2.5 million AXL to a suspected Axelar team address, equivalent to about 1.11 million US dollars

According to Arkham monitoring, DWF Labs' address transferred 2.5 million AXL, marked as "suspected Axelar Network", to Arkham two days ago, equivalent to about $1.11 million. Based on the transfer records, it is speculated that both parties may have ended their market-making cooperation plan. The actual situation awaits updates from DWF Labs and the Axelar Network team.

According to chain data, DWF Labs received 2.5 million AXL on December 9th, 2023, which was worth $1.93 million at the time. Observational data from March 1st, 2024 shows that DWF Labs owned a total of 5 million AXLs valued at approximately $12 million.