DWF Labs, one of the important market makers in the cryptocurrency market and attracting attention with its investments, continues its altcoin moves.
DWF Labs, which usually experiences a pump in altcoin prices with its purchases, this time increased the price with its altocin transfer to cryptocurrency exchanges.
Namely, according to Lookonchain's post, DWF Labs first deposited 1.9 million ORBS worth $48,000 to Coinone, one of South Korea's largest exchanges, in the last two days.
DWF Labs also deposited 50 million ORBS worth $1.3 million into Bithumb after the Coinone transfer.
While transfers to stock exchanges usually reveal the possibility of a sale and decline, this was not the case this time. Because the transfers made by DWF Labs caused an increase of up to 32% in the ORBS price.
“DWF Labs deposited 50 million ORBS (worth $1.3 million) into Bithumb after the Coinone transfer.”
DWF Labs(@DWFLabs) deposited 50M $ORBS($1.3M) to #Bithumb just now.https://t.co/kVZjKaVmhC pic.twitter.com/tur9kv5Uau
— Lookonchain (@lookonchain) October 13, 2023
ORBS, which rose to $0.033 with its rise, is trading at $0.031 with a slight retreat at the time of writing.
*This is not investment advice.
