Controversial Company DWF Labs Buys This Altcoin, Price Increases More Than 90 Percent
Cryptocurrency company DWF Labs has made a large purchase of a surprise altcoin, according to onchain data.
DWF Labs, perhaps one of the most controversial market-making companies in the cryptocurrency world, seems to have added a new altcoin to its portfolio, and interestingly, this token is in the memecoin class.
According to information from Onchain data, DWF Labs recently collected $654,000 worth of Hamster Kombat (HMSTR) tokens from various cryptocurrency exchanges.
Following this action by DWF Labs, the HMSTR price has indeed seen an impressive rally, rising by over 90% in the last 24 hours. As of this writing, the HMSTR price is trading at $0.005764.
At the time of writing, DWF Labs has approximately $15 million in assets in its cryptocurrency wallets, which has seen a $500,000 increase in the past 24 hours thanks to the market rally. The company’s top altcoins include DEXE at $2.60 million, GALA at $2.01 million, and AXL at $1.87 million.
*This is not investment advice.
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.
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