Data: DWF Labs received another 5 million USD1 9 hours ago, becoming the top 2 institution holding USD1 on the chain

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According to ChainCatcher, on-chain data analyst @ai_9684xtpa detected that DWF Labs has become the second-largest institutional holder of USD1, a dollar stablecoin launched by WLFI, currently holding 6 million USD1.

After receiving 1 million stablecoins on April 3rd, DWF Labs received another 5 million USD1 on the BSC network 9 hours ago, which was subsequently cross-chained to the Ethereum mainnet.

Additionally, Wintermute appears to be the top institutional holder of USD1 on-chain. Currently, four addresses have accumulated 57 million USD1, which is 9.5 times the holding scale of DWF Labs.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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