Amber Group, one of the leading players in the cryptocurrency market, recently took an important step in the altcoin world. Worldcoin (WLD), on the other hand, has embarked on an ambitious journey to provide liquidity through partnerships with market makers. Here are the details…
Amber Group invested in altcoin ANT
The company made a strategic investment in Aragon (ANT), obtaining a total of 734,651 ANT tokens at an average price of $4.44. This significant investment was made through multiple transactions on Binance and FalconX, which began on August 26, 2023 and are still ongoing. The last transaction in this series occurred on September 30 at 02:24, and Amber Group purchased another 47.8 thousand ANT from Binance at a price of $5.08. This latest purchase represents an investment of approximately $227,000. In the past month, ANT price has experienced a significant increase of approximately 19%, rising from $4.24 to $5.03. This increase translated into a significant gain of $431,000 for Amber Group, generating an estimated 13.2% return on their investment. However, it is worth noting that ANT’s price continues to rise and is trading at $5.14 at the time of writing.
This strategic investment by Amber Group underlines their confidence in the potential of the Aragon project. Aragon, often referred to as ANT, is an Ethereum-based platform that makes it easy to create and manage decentralized autonomous organizations (DAOs). DAOs are gaining increasing attention in the cryptocurrency space due to their potential to revolutionize governance and decision-making processes. Amber Group’s decision to accumulate a significant amount of ANT tokens demonstrates its belief in the long-term viability of decentralized organizations and the utility of the Aragon platform in particular.
5 companies took action for Worldcoin
In other news, Worldcoin (WLD), a cryptocurrency that entered the market in July, has embarked on an ambitious journey to provide liquidity through partnerships with market makers. The project lent a total of 100 million WLD tokens to five market makers to strengthen its presence in the crypto world and provide ample liquidity for traders. The agreement stipulated that after a three-month period ending on October 22, market makers must return the WLD tokens they borrowed or purchase them at a predetermined price ranging from $2 to $3.12 per token. Recent on-chain data and WLD holdings of these five market makers provided insight into their actions:
- wintermute: Over the past half month, one of the market makers, Wintermute, has withdrawn a significant amount of WLD tokens from Binance, raising questions about its plans regarding the borrowed tokens. This move suggests they may be preparing to meet their obligations as the deadline approaches.
- Amber Group: Amber Group, which previously transferred 19.5 million WLD tokens to various central exchanges (CEXs) in July, has not made any WLD withdrawals from these exchanges recently. Their strategy appears to be to hold the tokens on CEXs, possibly indicating their confidence in the project or their intention to comply with the terms of the lending agreement.
- Flow Traders: Another market maker, Flow Traders, withdrew 2.45 million WLD altcoin projects from multiple CEX addresses in the past half month. This move raises questions about their positions and whether they plan to return the borrowed tokens or exercise the purchase option.
- Auros Global: Auros Global has not made any recent withdrawals after withdrawing 2.45 million WLD tokens from multiple CEXs in July. Their strategy recommends a wait-and-see approach to evaluate market conditions potentially close to expiration.
- GSR Markets: GSR Markets has withdrawn 4.01 million WLD tokens from multiple CEX addresses in the past month. This action may indicate that they are preparing to fulfill their obligations or are exploring opportunities in the cryptocurrency market.
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For the rest of the article, these 2 Altcoins are in the Focus of 5 Companies: They Will Buy or Return!