The SEC has claimed that some altcoins are securities in lawsuits filed against leading cryptocurrency exchanges Coinbase and Binance.
The initial response of Bitcoin and altcoins to these allegations by the SEC was limited.
However, after the news that some altcoins or some trading parities related to these altcoins were delisted, the sale of cryptocurrencies in the hands of large investors and funds caused a great decline over the weekend.
According to Lookonchain, one of the major market makers, DWF labs, is transferring some of its altcoins to exchanges.
Alerting investors to price changes in transferred altcoins, Lookonchain said:
“ It looks like DWF Labs is transferring some of its altcoins to exchanges. If you are holding these altcoins, watch out for price changes.
In this context, DWF Labs; $4.25 million CEEK worth $227,000, LABS $171,000 worth 300 million, POND $272,000 worth $6,250, TIME $115,000, SIMP $298K worth $1,585, UNO $1.54 million worth $66,585, $42,575 5 million IXS, 438 thousand DFYN worth 12,721 dollars, 500 thousand GF worth 28,757 dollars, 7.26 million TOKOs worth 8,587 dollars, 50 million APM worth 457,000 dollars, 40 thousand Auctions worth 151,000 dollars were sent to the exchanges.
Altcoins held by DWF Labs are:
$25.5K CFX worth $4.63M, RACA $13.6M worth $1.4M, YGG worth $968,000, 60 T VINU worth $715,000, RSS3 worth $677,000, RSS3 worth $542,000 3.5 million TRADE, 4.5 million MVs worth $436,000 and 950,000 CELO worth $385,000."
1/ It seems that DWF labs is transferring altcoins to exchanges.
Watch out for price changes if you hold these tokens.👇 pic.twitter.com/1jF5Vuvbgv
— Lookonchain (@lookonchain) June 12, 2023
*Not investment advice.
