Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
DWF Labs currently holds 1.32 billion SPELLs, with a floating profit of US$770,000.

DWF Labs currently holds 1.32 billion SPELLs, with a floating profit of US$770,000.

CointimeCointime2024/02/22 11:05
By:Cointime

According to on-chain analyst @ai_9684xtpa, on September 14, 2023, DWF Labs announced that it became a market maker for SPELL and applied for a token loan of 4.62 billion SPELL and purchased $1 million worth of SPELL at a 15% discount (locked for 24 months). Over the past five months, DWF Labs has received 4.62 billion tokens transferred from Abracadabra.Money in batches, with a cost of only $0.0003797 per token at the discounted price. The address currently holds 1.32 billion SPELL (worth $1.21 million) with a floating profit of $770,000.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Why Has Bitcoin Price Declined Recently? What to Expect in the Long Term?

Why has the world's largest cryptocurrency, Bitcoin, experienced a decline recently? The analyst evaluated the current situation.

Bitcoinsistemi2025/01/12 04:00

Giants of the Market Speak Out: Five Big Banks Predict When US Rate Cuts Will Happen – Even Some Say Rates Will Rise

Journalist Nick Timiraos shared the latest predictions about interest rate decisions in the USA in his statement.

Bitcoinsistemi2025/01/12 04:00