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$FRAX | Strategic Withdrawals Detected
Frax Finance ($FXS) has rebranded to Frax ($FRAX)
On-chain data shows DWF Labs has been consistently withdrawing $FRAX from Binance and transferring it to the project’s team wallet
Over the past two weeks:
Total withdrawn: $7.23M $FRAX
Avg entry: ~$0.807
Address: 0xED5c1dA644fdCAD779f9826c46532a4d5f63fFBA
All funds were moved off exchanges and consolidated into the team wallet
At the same time, CEX flows show a net outflow of ~18M $FRAX
Worth watching how the team positions next as this structure develops
#ContentMiningRevampPublicBeta #MiddleEastTensionsEscalate