Wallet 0x59e (linked to DWF Labs) just deposited 66,567 CYBER ($910K) to Binance at 13.64:

• transaction: 0x1771433885adf744a7d419a428610fab1bca54e068f81e8174a9d9ef7c49cfed
• address: 0x59e29e32e5105ebd9019d735e3c44f86069d3b51

Notably, the wallet received those CYBER tokens from the well-known wallet 0xddA of DWF Labs on February 13, 2024 (42 days ago), when the price was only $7.814 ($522K).

Overall, DWF Labs:

• received a total of 200,000 CYBER from CyberConnect Multisign on August 14 and 15, 2023, when the price was $6.165 ($1.23M);
• further withdrew 134,020 CYBER from Binance at $7.814 on average ($1.05M) on February 12 and 13, 2024;
• gradually deposited the 334,020 CYBER tokens to Binance, Bybit, Gate.io, and Bitget at $8.828 on average ($2.95M) (+29.2%) between August 15, 2023, and March 27, 2024.

The CYBER price dropped sharply by 7.50% in the past hour, around the time of the deposit.

Fig 1. The CYBER price dropped sharply around the time of the deposit.

Fig 2. CYBER fund movements by DWF Labs and wallet 0x59e.

Fig 2. DWF Labs' overall CYBER withdrawals and deposits from/to CEX.