While the cryptocurrency market has been fluctuating lately, the giant market maker DWF Labs continues its investments without slowing down. DWF Labs transferred millions of dollars worth of JasmyCoin (JASMY) and Fetch.ai (FET) to Binance today. These transfers reveal the millions of dollars of profit that DWF Labs has made from these altcoin projects.
Altcoin transfer attracted attention for that company
cryptokoin.com As we reported, giant market maker DWF Labs attracted attention. Because today, Binance transferred 2 different altcoins to the cryptocurrency exchange. The transfers include the altcoins JasmyCoin (JASMY) and Fetch.ai (FET), on which DWF Labs is in millions of dollars in profit. According to data transferred by on-chain analysis platform Spot On Chain, DWF Labs sent 329 million JASMY worth $4.88 million at a price of $0.01483 and 1 million FET worth $954 thousand at a price of $0.954 to Binance on February 22.
After the transfers, DWF Labs was left with 271 million JASMYs worth $4.3 million and 3.05 million FETs worth $3.27 million. The company’s total profit on JASMY increased to $6.44 million. Then, FET’s private profit reached 4.55 million dollars. Artificial intelligence-focused FET is one of the altcoins that has attracted the attention of investors recently. It has displayed a 100% upward performance since the beginning of February. Thus, it climbed from $0.55 to $1.1. JASMY, which rose 100% in just 3 days thanks to its superior performance in recent days, reached $ 0.0176 from $ 0.0064.
SPELL investment continues
DWF Labs’ investments are not limited to JASMY and FET. On September 14, 2023, DWF Labs decided to become a market maker for the SPELL token. DWF Labs, which received a loan of 4.62 billion SPELL tokens and purchased $ 1 million worth of SPELL tokens at a 15% discount, received 4.62 billion tokens in bulk from Abracadabra.Money in the last 5 months. The cost of the tokens was calculated at only 0.0003797 dollars. DWF Labs currently holds 1.32 billion SPELL tokens (worth $1.21 million). Moreover, the company made a profit of 770 thousand dollars from this investment.
DWF Labs’ latest moves show the company’s confidence in the altcoin market. It also shows the intention to continue investing. In particular, investments in JASMY and FET point to DWF Labs’ moves in the field of artificial intelligence. He then reveals his interest in blockchain fields.
To be informed about the latest developments, follow us Twitter’in, Facebookin and InstagramFollow on . Telegram And YouTube Join our channel.