• DWF Labs deposited FET tokens worth thousands of dollars on ByBit 
• Selling pressure on FET was high, and market indicators were bearish 

Fetch.ai [FET] had a comfortable week as its price rallied by a promising margin, allowing investors to enjoy profits. However, DWF Labs later deposited a substantial number of FET tokens on an exchange, after which FET’s price action changed direction. Will the recent deposit increase selling pressure on FET in the days to follow?

Realistic or not, here’s FET market cap in BTC terms   

Fetch.ai is witnessing high sell pressure

CoinMarketCap’s data revealed that FET’s price surged by more than 3% in the last seven days, which looked quite optimistic. However, while the token’s price was increasing, Lookonchain’s data revealed a sell-off.

As per the tweet, DWF Labs deposited 200,000 FETs worth more than $45,000 to ByBit. After the deposit, DWF Labs still had FET tokens worth more than $1.7 million in its portfolio.

DWF Labs(@DWFLabs) deposited 200K $FET($45K) to #Bybit 15 mins ago.

And currently has 7.8M $FET($

Go to Source to See Full Article
Author: Dipayan Mitra

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details