Crypto News – Interest in the CYBER token has increased even more in the last 24 hours. First, Korean investors bought the token heavily, causing the token to experience a price increase of almost 150%. Then, a DWF Labs address transferred 170,000 CYBER tokens to the Bithumb exchange.
Incredible Activity in CYBER Token Over the Last 24 Hours
First, let’s talk about the interests of Korean investors. Although this interest has increased the token price, it is not a good development for CYBER token holders. CYBER U-based contracts currently have yearly financing rates of over -500% on significant exchanges and -662% on Binance. This indicates that there may be a sizable amount of short-selling taking place on these platforms.
On the other hand, news that Upbit has surpassed other holders to become the largest CYBER token owner after purchasing 3.6 million tokens since August 22 has been cited as the cause of the current price increase. The token’s price increased by 130% as a result of the related news, according to CoinCu.
About DWF Labs Transfer
On the other hand, the precise justification for DeFi Labs transfer is yet unknown, leaving the opportunity for interpretation among industry watchers. Others may make predictions about prospective CYBER collaborations or developments, while others may regard it as a strategic investment or a response to market forces.
Transactions of this kind serve as a reminder of the dynamic nature of digital assets and the quick pace of change within the cryptocurrency market as it continues to develop. Investors and analysts will be keeping a close eye on DWF Labs for other breakthroughs in the cryptocurrency realm, as well as attentively observing the effects of this move on the price and market dynamics of CYBER.
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