The big crypto market maker DWF Labs recently transferred a large amount of altcoins to Binance.
According to the on-chain data platform Lookonchain, DWF Labs made a Beam (BEAM) transfer to Binance on March 22.
Last week, DWF Labs withdrew 130.8 million BEAM by spending 4.74 million dollars from the world’s largest cryptocurrency exchange, Binance, and now they have transferred the same amount back.
During this process, DWF Labs suffered a loss of about 450 thousand dollars from the 130.8 million BEAM.
According to CoinGecko data, BEAM is experiencing a significant pullback due to the correction in Bitcoin and the transfer from DWF Labs. BEAM, which lost nearly 8% in total today, is currently trading at 0.03258 dollars at the time of writing.
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