On-chain data reveals that EZ Labs (formerly Binance Labs) has deposited a significant amount of tokens into Binance. According to analyst EmberCN, the deposit included 1 million AXS tokens, valued at approximately $2.39 million, alongside 3 million PEPE tokens (worth $560,000) and 1 million CHESS tokens (valued at $50,000). These tokens represent compensation received by EZ Labs for their investments in these projects. The transfer to Binance suggests a potential move to liquidate or reallocate these assets. The AXS deposit is particularly noteworthy. Axie Infinity (AXS) has been a prominent player in the GameFi space, and large token movements often impact market sentiment. The PEPE and CHESS deposits, while smaller in value, contribute to understanding EZ Labs' overall portfolio management strategy. The crypto community will be watching closely to see if EZ Labs makes further moves with these or other token holdings. ```
