Controversial Market Maker DWF Labs Invested in a New Altcoin, Sudden Jump in Price!

One of the important market makers in the cryptocurrency market and attracting attention with its investments. DWF Labs, altcoin continues its purchases and investments.

At this point, according to the latest statements, DWF Labs led the last financing round of API3, which is listed on Binance and API3 He invested in the altcoin named.

After this news API3 There was a sudden jump in price.

“We are proud to lead API3DAO’s strategic funding round! We congratulate our team for this success.

This funding round will accelerate API3’s mission to revolutionize the oracle environment and advance the global on-chain finance system.

“We look forward to their continued innovation and the launch of OEV Networks mainnet, which further integrates dApps and blockchain networks.”

API3 team also announced the investment amounts in their official announcement.

According to this;

DWF Labs: 2M USDC – 711,744 API3
Spartan Group: 1M USDC – 355,872 API3
Laser Digital (Nomura): 500k USDC – 177,936 API
Caladan (formerly AlphaLab): 500k USDC – 177,936 API took.

While API3 experienced an increase of more than 8% after the news, it dropped to $ 3.19. API3 subsequently experienced a pullback and continues to trade at $3.08 at the time of writing.

We’re proud to have led @API3DAO‘s strategic funding round! Congratulations to the team on this achievement. 🔥

This funding round will accelerate API3’s mission to revolutionize the oracle landscape and advance the global onchain financial system. 🌐

We look forward to their… https://t.co/Rxs4ramjWd

— DWF Labs (@DWFLabs) May 29, 2024

*This is not investment advice.