List of Flash News about DWF Labs withdrawal
Time | Details |
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2025-05-22 11:12 |
DWF Labs Withdraws 25.77M ASTR ($802K) for On-Chain Staking: Impact on Astar Network Token Liquidity
According to Lookonchain, DWF Labs withdrew 25.77 million ASTR tokens, valued at $802,000, to their on-chain staking wallet one hour ago (source: Lookonchain via Twitter, May 22, 2025; astar.subscan.io). This transaction suggests an intent to stake rather than sell, potentially reducing immediate ASTR token supply on exchanges and supporting price stability. For traders, this could signal increased confidence in Astar Network, with potential implications for short-term liquidity and staking yields. Monitoring on-chain activity and subsequent price action is advised for those trading ASTR or correlated altcoins. |