DWG transferred 2.5 million AXL pieces, or approximately US$1.11 million, to the suspected Axelar team address."
On March 1st, according to Arkham monitoring, the address of DWG Labs had transferred 2.5 million AXL pieces, or approximately US$1.11 million, to the address marked by Arkham as "Suspected Axelar Network" two days ago. Based on the transfer records, it is speculated that the two parties may have ended the market-making cooperation plan, and the actual situation needs to be updated by the DWG Labs and Axelar Network teams. According to online data, DWG Labs received 2.5 million AXL pieces on December 9, 2023, valued at US$1.93 million at the time. Observation data on March 1, 2024 showed that DWG Labs owned a total of 5 million AXL pieces, valued at approximately US$12 million at the time.
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