Giant market maker DWF Labs and its chairman purchased millions of dollars worth of one particular altcoin, causing the price to skyrocket.
Reported by on-chain analysis platform Spot On Chain to data According to DWF Labs and the company’s president Andrey Grachevpurchased a large amount of Prom (PROM).
First purchase by Andrei Grachev on February 14 was made and Grachev was at that time $ 10 at cost 500 thousand dollars worth 49,965 PROMs had bought it. After this investment by Grachev, PROM price around 80% with a rise $7.7 from level for $13.97 It had risen to .
Following in the footsteps of the president, DWF Labs February 21 cost $9 per day 1 million dollars worth 111 thousand PROMs took. With the effect of these purchases, PROM price increased in a short time. 40% up by performing $9.7 from level for $13.64 reached. PROM is trading at $13.2 at the time of writing.