TechFlow news, March 7 — According to monitoring by Spot On Chain, DWF Labs transferred 3 million FET tokens, worth approximately $1.82 million, to the Bitget exchange on Wednesday, marking its first move after five months of inactivity. These tokens were part of the 10 million FET tokens received by DWF Labs from the Fetch.ai Foundation on September 3, 2024, when the FET price was $1.185.
Spot On Chain later updated that DWF Labs subsequently transferred the remaining 5 million FET (worth $3.05 million) to Bitget as well. Within the past 45 minutes, DWF Labs has sent a total of 8 million FET tokens to exchanges, amounting to approximately $4.87 million.
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