Maker

Bitcoin

Orbs

Spot

Linear Finance

DWF Labs, one of the most controversial market maker companies in the cryptocurrency market, was alleged to have made significant transactions involving Linear Finance (LINA) and Orbs (ORBS) tokens. 
DWF Labs reportedly deposited 124.8 million LINA tokens, equivalent to $1.37 million, to Binance. The deposit was made at a price of $0.01096 per token. Interestingly, these tokens were received from Linear Finance developer wallets about 5 days ago. At that time, the value of these tokens was around $1.19 million. 
Following these transactions, LINA's price increased by 9.53% in five hours. Now DWF Labs only holds $24 worth of LINA. 
Related News: <a href="https://en.bitcoinsistemi.com/billionaire-mike-novogratz-continues-his-ambitious-bitcoin-spot-etf-predictions-it-will-be-approved-before-the-end-of-this-year/" target="_blank" rel="dofollow">Billionaire Mike Novogratz Continues His Ambitious Bitcoin Spot ETF Predictions: "It Will Be Approved Before The End Of This Year"</a> 
In another significant move, DWF Labs purchased 150 million ORBS tokens worth $6.55 million from the Orbs Pool Long-Term Reserves. This is noteworthy as the market maker previously deposited a total of 163.666 million ORBS tokens, equivalent to $5.96 million, at an average price of $0.03641 on Bithumb, Huobi, and Coinone between October 8-19, 2023. 
Following these transactions, the price of ORBS recorded a significant increase of approximately 16% in the last 24 hours. Currently, DWF Labs holds 161.10 million ORBS tokens worth $7.09 million. 
<figure id="attachment_125731" aria-describedby="caption-attachment-125731" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="wp-image-125731 size-full" src="https://www.bitcoinsistemi.com/wp-content/uploads/2023/10/ORBS_1D_graph_coinmarketcap-1.png" alt="" width="928" height="495">
 <figcaption id="caption-attachment-125731" class="wp-caption-text">
 Graph showing today's rise in ORBS price.
 </figcaption>
</figure> 
*This is not investment advice. 
 Continue Reading: <a rel="nofollow" href="https://en.bitcoinsistemi.com/market-maker-dwf-labs-sells-an-altcoin-completely-buys-another-today/">Market Maker DWF Labs Sells An Altcoin Completely, Buys Another Today</a>

Market Maker DWF Labs Sells An Altcoin Completely, Buys Another Today

Bitcoin Sistemi EN

Other articles published on Oct 30, 2023

Bitcoin Futures Market Heats Up: CME Nears the Top With $3.54B!

Key Levels to Watch As Dogecoin Price Breaks 900-Days Resistance

Bitcoin Mining Difficulty Peaks as Antpool Closes In on Foundry USA

Uniswap Shows Strong Selling Pressure, Analyst Warns of Potential Breakout

Bearish Signals Flash for Cardano, Dogecoin, & These Altcoins: What’s Next?

R. Kiyosaki Reiterates Bitcoin Potential Amid ‘Greatest Crash’ Warning

Join our free newsletter for daily crypto updates!