According to data released by blockchain monitoring platform Embers on February 24, project entity YZi Labs has once again made significant token transfers to Binance, moving 13.54 million AI tokens (worth approximately $278,000) and 11.11 million WOO tokens (worth around $176,000), following its recent ID token liquidation.
These tokens were reportedly acquired by YZi Labs through unlock mechanisms as part of its investment activities. Analysts noted that such large-scale transfers to exchanges often indicate potential sell-offs or strategic fund reallocations.
The move has sparked concerns about potential price volatility, prompting investors to closely monitor on-chain activity and market trends for risk assessment.