DWF Labs, one of the important market makers in the cryptocurrency market and attracting attention with its investments, continues its altcoin purchases and investments.
At this point, according to the latest statements, DWF Labs led the last financing round of API3, which is listed on Binance, and invested in the altcoin named API3.
After this news, there was a sudden jump in the price of API3.
“We are proud to lead API3DAO's strategic funding round! Congratulations to our team on this achievement.
This funding round will accelerate API3's mission to revolutionize the oracle environment and advance the global on-chain finance system.
“We look forward to their continued innovation and the launch of OEV Networks' mainnet, which further integrates dApps and blockchain networks.”
The API3 team also announced the investment amounts in their official announcement.
According to this;
DWF Labs: Received 2M USDC – 711,744 API3 Spartan Group: 1M USDC – 355,872 API3 Laser Digital (Nomura): 500k USDC – 177,936 API Caladan (formerly AlphaLab): Received 500k USDC – 177,936 API.
While API3 experienced an increase of more than 8% after the news, it dropped to $ 3.19. API3 subsequently experienced a pullback and continues to trade at $3.08 at the time of writing.
We're proud to have led @API3DAO's strategic funding round! Congratulations to the team on this achievement. 🔥
This funding round will accelerate API3's mission to revolutionise the oracle landscape and advance the global onchain financial system. 🌐
We look forward to their… https://t.co/Rxs4ramjWd
— DWF Labs (@DWFLabs) May 29, 2024
*This is not investment advice.
