YZi Labs-linked wallet deposits $454K in AI, WOO to Binance

A wallet suspected of belonging to YZi Labs, formerly Binance Labs, deposited 13.54 million AI (worth approximately $278,000) and 11.11 million WOO (worth approximately $176,000) to Binance about five hours ago. Transfers to an exchange are typically interpreted as a precursor to selling. On-chain analyst EmberCN noted that after YZi Labs completely sold its ID tokens about two weeks ago, it now appears to be liquidating its AI and WOO holdings. The analyst added that these tokens were acquired through vesting unlocks from projects in which YZi Labs had invested.