According to on-chain analyst @ai_9684xtpa, DWF Labs' associated address received 150 million tokens transferred by TAOCAT project two weeks ago, currently worth $7.23 million.

79.3 million TAOCAT tokens have been deposited into major exchanges, 50 million tokens have been transferred to multi-signature address 0x793...e73f6, and within four hours of the announcement, 6.18 million tokens have been distributed to two addresses, which have not been transferred or sold yet.

Earlier, DWF Labs announced a $20 million investment in TAO Cat through an AI proxy fund, causing the coin price to briefly rise by 35%, but it has since quickly dropped to $0.04663.