BINANCE LABS recently deposited 200,000 HOOK tokens and 2,810,000 OLE tokens into exchanges, specifically Binance and Gate. HOOK is from HOOKED PROTOCOL, while OLE is from OPENLEVERAGE, both of which are investment projects of BINANCE LABS. This transfer marks the first time that BINANCE LABS has unlocked and transferred tokens from its project token ownership contracts. The unlocked amount for HOOK is 3,330,000 tokens, and for OLE it is 37,500,000 tokens.

HOOK

According to the analysis by online analyst Yu Jin, Binance Labs has deposited 200,000 HOOK tokens (worth $190,000) into Binance and 2.81 million OLE tokens (worth $210,000) into Gate in the past 50 minutes.
Binance Labs is an investor in Hooked Protocol (HOOK) and OpenLeverage (OLE). Previously, they unlocked 3.33 million HOOK tokens (worth $3.19 million) and 37.5 million OLE tokens (worth $2.88 million) from the project's token ownership contract. These two tokens are being transferred out of Binance Labs for the first time.

BINANCE LABS deposited 200,000 HOOK and 2.81 million OLE into the exchange.