Giant Market Maker DWF Labs Acquires Exclusive Altcoin listed on Binance! Massive Price Surge Follows!
In a noteworthy move within the cryptocurrency market, DWF Labs, a prominent market maker, has once again made waves with its altcoin purchases.
Lookonchain recently revealed that DWF Labs has successfully acquired LIT, an altcoin it recently formed a partnership with.
According to Lookonchain’s announcement, DWF Labs has purchased a whopping 3 million LIT tokens, amounting to a staggering $2.78 million in value.
“Just a couple of hours ago, DWF Labs received another 1.5 million LIT tokens from Litentry Ecosystem, valued at $1.41 million. This follows their previous acquisition of 1.5 million LIT tokens worth the same value on October 31, preceding the announcement of their partnership with Litentry on November 10. As of now, DWF Labs holds a total of 3 million LIT tokens, making them the largest individual investor in LIT.”
Update: DWF Labs has received an additional 1.5 million LIT tokens worth $1.41 million from Litentry’s Ecosystem just 2 hours ago. They previously received 1.5 million LIT tokens worth the same value on October 31 and announced their partnership with Litentry on November 10.
Currently, #DWFLabs is the largest holder of LIT with 3 million tokens worth $2.78 million. pic.twitter.com/XYdrFHSibk
— Lookonchain (@lookonchain) December 11, 2023
Following DWF Labs’ acquisition, the price of LIT experienced a significant surge, rising by approximately 5%.
*Please note that this information is not intended as investment advice.