According to Lookonchain, DWF Labs withdrew 2 million MANTA tokens, valued at approximately $551,000, from Binance to their on-chain staking wallet just one hour ago (source: Lookonchain, May 21, 2025). This significant transfer indicates a strong commitment to on-chain staking, which can signal reduced short-term sell pressure and potentially support MANTA prices on spot markets. For traders, monitoring DWF Labs' on-chain movements provides insight into institutional sentiment and possible price stability, which is crucial for short-term trading strategies. On-chain staking by a major player like DWF Labs can also enhance network security and attract further investor interest in MANTA.

According to Lookonchain, DWF Labs withdrew 2 million MANTA tokens, valued at approximately $551,000, from Binance to their on-chain staking wallet just one hour ago (source: Lookonchain via Twitter, May 21, 2025). This significant movement of funds to a staking wallet suggests a reduction in immediate MANTA sell-side liquidity on exchanges, which could support price stability or upward momentum in the short term. Traders should monitor on-chain activity and MANTA’s staking participation rates, as further accumulation by institutional players like DWF Labs could signal bullish sentiment for the MANTA ecosystem and influence broader altcoin trading strategies.