Recent on-chain data reveals that YZi Labs, Binance’s investment arm previously known as Binance Labs, may have sold a portion of its altcoin holdings following a recent market recovery. This move was triggered by transfers from the company’s crypto wallets to Binance itself. 1 million Axie Infinity (AXS) tokens valued at approximately $2.39 million, 3 million Perpetual Protocol (PERP) tokens worth $560, and 1 million Tranchess (CHESS) tokens worth $50,000 were transferred to the exchange. YZi Labs now has no remaining altcoins in its wallets. This move follows a period where YZi Labs held a portfolio of various altcoins valued at around $340 million. It’s unclear if these assets were sold or transferred to other crypto wallets. While AXS was once the dominant asset holding for the company, it currently trades at roughly $2.68, down from its peak value of $150 earlier in the year. *This is not investment advice.*