DWF Labs Continues to Dump This Altcoin on Exchanges: Sold for the Third Time

DWF Labs deposited another 30 million Orbs (ORBS) into Bithumb at an average price of $0.03483, equating to a total of $1.18 million.

Thus, the total amount invested by the market maker on Bithumb, Huobi and Coinone last week reached 116.467 million ORBS at an average price of $0.03369, which corresponds to $3.92 million. During this time, ORBS price increased by 73%. DWF Labs currently holds 57.6 million ORBS worth $2.29 million.

ORBS price is up 58% in the last 24 hours and is trading at $0.03876 at the time of writing.

DWF Labs previously deposited 51.5 million ORBS to Bithumb, Coinone, and Huobi between October 12 and October 13, for a total of $1.64 million at an average price of $0.03177. The total money deposited by the market making company on these three exchanges last week was 85.96 million ORBS amounting to $2.72 million at an average price of $0.03164.

Previously, on October 9, cryptocurrency market maker company DWF Labs deposited 10 million ORBS to Bithumb.

Notably, DWF Labs had invested $10 million in Orbs Ecosystem through a token purchase agreement seven months ago. So far, the market maker has received 364.44 million ORBS ($10.27 million worth at the time) from Orbs addresses between March 14 and August 16, 2023.

*This is not investment advice.