On March 1st, according to Arkham's monitoring, the DWF Labs address has transferred 2.50 million AXL to the address marked by Arkham as "suspected Axelar Network" on the 2nd, which is about 1.11 million US dollars. According to the transfer records, it is speculated that the two parties may have ended the market-making cooperation plan. The actual situation needs to be updated by the DWF Labs and Axelar Network teams. According to on-chain data, DWF Labs received 2.50 million AXL on December 9, 2023, which was worth $1.93 million at the time. Observations on March 1, 2024 show that DWF Labs had a total of 5 million AXL, which was worth about $12 million at the time.