Giant cryptocurrency market maker DWF Labs also invested in Binance’s launchpool project Space ID (ID).
On-chain analysis platform Lookonchain 12 December shared on in postDWF Labs, known for moving altcoin prices Made by Binance included millions of dollars in purchases.
According to the post, DWF Labs is a Binance-supported cryptocurrency project. Space ID native token to ID invested. Total for purchases made through two different wallets 3.72 million dollar worth 10 million ID was collected.
Under normal circumstances, purchases by DWF Labs cause an increase in altcoin prices. In fact, just for this reason, rival market maker Wintermute implied that DWF Labs was manipulating the price.
However, according to CoinGecko data, Space ID has increased in the last 24 hours due to the correction in Bitcoin. 1.5% lost value. ID price is at its highest level at the time of writing. 73% below $0.27 is being traded.