PANews reported on December 7 that according to on-chain analyst Ember’s monitoring, Binance Labs transferred 400,000 AXS to Binance 1 hour ago, worth about $3.72 million. Binance Labs still holds 1 million AXS, worth about $9.43 million.

Binance Labs is also an investor of Axie Infinity (AXS). It has obtained a total of 11.8 million AXS through vesting and unlocking. Among them, 10.8 million AXS were transferred to Binance at an average price of US$10.13 in the past four years.