DWF Labs, one of the important market makers in the cryptocurrency market, continues to purchase altcoins.
At this point, the popular cryptocurrency platform Lookonchain, DWF Labs' Abracadabra. He shared that he withdrew 3.3 million SPELLs worth $1.57 million from the Money MIM Treasury Wallet.
“DWF Labs withdrew 3.3 million SPELLs worth $1.57 million from the Abracadabra. Money MIM Treasury Wallet during the day.”
— Lookonchain (@lookonchain) September 19, 2023
SPELL price, listed on Binance, increased by up to 16% with this news. SPELL, which rose to $0.0005433, is traded at $0.0005223 at the time of writing.
What is SPELL?
Spell Token (SPELL) is a reward token associated with abracadabra.money, a lending platform that uses interest-bearing tokens as collateral to borrow a USD-pegged stablecoin called Magic Internet Money (MIM).