
Sep 27, 2023

SOC Team
DWF Labs deposited the second batch of $BLZ to Binance at loss
Outflow
Related addresses
Total tokens transferred

10.5M
BLZ
[Updated] DWF Labs deposited 10.5M $BLZ to Binance again at $0.164 ($1.72M) on September 27, 9:46 AM (UTC)
- txid: 0xd58d7126ad9b1a043d1d429e1c6b939d4965ca3c12d45b53095a1640037c8a09
- address: 0xD4B69e8D62C880E9DD55d419d5E07435C3538342
Notably, DWF Labs:
- just re-accumulated $BLZ 19 hours ago, right after the price dropped by more than 10% following the news of their first $BLZ deposit to the CEX broke out
- deposited all to Binance at $0.163 ($1.72M) just now. Estimated loss from the second cycle: $59K (-3.33%)
- however, considering both cycles, the market maker still has an estimated profit of $101K from $BLZ (more details in the previous signal below)
Fig 1. DWF Labs' overall $BLZ fund movement.
[Previous] DWF Labs re-accumulated 10.5M $BLZ from Binance at $0.169 ($1.78M) on September 26 14:58 PM (UTC):
- started to re-accumulate $BLZ after the price dropped by more than 10% following the news of their first $BLZ deposit to the CEX broke out. This suggests that DWF Labs has completed another round of selling high and buying low
- then transferred all $BLZ from address 0xc0E5 to address 0xD4B
- txid: 0x5e236f56824f49d70660fedb51f8df0635365e86d338ed1b4970f2caade675b2
- address 1: 0xc0E59d7B743c2757C8b39B791B5EbaF2Bf6e725D
- address 2: 0xD4B69e8D62C880E9DD55d419d5E07435C3538342
Notably, DWF Labs realized an estimated profit of $160K from the first $BLZ trading cycle recently:
- bought 11.463M $BLZ ($2.18M) with 2M $USDT from Bluzelle Company Wallet 0xe96 via OTC at $0.174
- then deposited all the newly bought $BLZ to Binance at $0.189 ($2.16M) after the price surged sharply
- estimated realized profit: $160K (+8%) within an hour
- check out the previous signal here
Fig 2. DWF Labs's overall $BLZ trading history.