DWF Labs, a mysterious market maker operating on various cryptocurrency exchanges, is making a splash in the crypto space with its remarkable trading performance.
The market maker made profits by buying and selling various tokens at the most opportune times, while also influencing the price movements of some of the hottest projects in the industry.
According to the data, DWF Labs has been involved in several key transactions over the past month. Some of these processes are:
- On August 6, when the price of YGG increased by 70% in 24 hours, he deposited 3.65 million YGG tokens to Binance and sold them for $2.18 million.
- On August 8, when the price of DODO increased by 73% in 24 hours, he deposited 1 million DODO tokens to Binance and sold them for $170,000.
- He collected 170,000 CYBER tokens and spent $765,000 on August 22, when the CYBER price was $4.5 from Binance. Yesterday, the CYBER altcoin price rose by more than 100%, and at the time of this writing, it gained an additional 17% during the day.
- He collected 10 million FET tokens from Binance and spent $2.01 million on August 25, when the FET price was $0.202. Since then the price of FET has increased by approximately 10%.
- It deposited 2 million CRV tokens on Binance on August 19 and bought back 2 million CRV tokens from Binance on August 29 without significantly affecting the price. The market maker sold the tokens at an average price of $0.5 and bought them back at $0.48, saving $34,000 in the process.
*This is not investment advice.