According to Arkham monitoring, DWF Labs address transferred 2.5 million AXLs to Arkham's address marked "suspected Axelar Network" before the 2nd, equivalent to about US$1.11 million. Based on the transfer record, it is speculated that the two parties may have completed the market-making cooperation plan. The actual situation needs to be updated by DWF Labs and Axelar Network teams. According to on-chain data, DWF Labs received 2.5 million AXLs on December 9, 2023, worth $1.93 million at the time. Observation data on March 1, 2024 showed that DWF Labs had a total of 5 million AXLs, which was worth about $12 million at the time.