On April 11, YZi Labs – formerly known as Binance Labs – executed a series of large transactions, transferring a significant amount of AXS, PERP, and CHESS tokens to the Binance exchange within the last 30 minutes. Data analyzed by on-chain expert Yu Jin shows that YZi Labs transferred 1 million AXS (equivalent to about 2.39 million USD), 3 million PERP (approximately 560,000 USD), and 1 million CHESS (estimated at 50,000 USD) to the Binance exchange wallet.
Notably, all of these tokens originated from YZi Labs' previous investments and have been gradually unlocked over time. The transfer of tokens to the Binance exchange is often closely monitored by the community as it may be related to profit-taking activities or portfolio restructuring.
This development continues to attract the attention of cryptocurrency investors, especially those tracking price fluctuations of tokens like AXS (Axie Infinity), PERP (Perpetual Protocol), and CHESS (Tranchess).
