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Analysis

SPELL Token Surges By 25% As DWF Labs Receives Massive SPELL Investment

September 19, 2023 - Around 1 mins mins to read

Key Points:

  • DWF Labs receives a substantial investment of 3.3B SPELL ($1.57M) from Abracadabra.Money.
  • The SPELL token surges by 25% following the investment in DWF Labs.
DWF Labs has recently received 3.3B SPELL tokens ($1.57M) from Abracadabra.Money. SPELL experienced an immediate surge of over 25% following the transaction.

DWF Labs, a leading player in the crypto industry, has recently received 3,300,000,000 SPELL ($1.57M) from Abracadabra.Money. After which, DWF Labs has recently deposited 1,000 $SPELL to Binance as a test.

SPELL Token Surges By 15% As DWF Labs Receives 3.3M SPELL Token

Right after the transaction, the SPELL token experienced an immediate surge of 25%. Over the past two weeks, this is the largest amount of tokens received by DWF Lab, with the previous ones being BEL, MDT, and some other tokens.

SPELL Token Surges By 25% As DWF Labs Receives Massive SPELL Investment
Source: Binance

However, amidst this success, Wintermute has criticized DWF Labs on multiple occasions. Accusing them of market manipulation instead of providing liquidity, Wintermute’s statements have sparked controversy. DWF Labs firmly denies any involvement in manipulation and attributes the volatility to market dynamics and investor behavior.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

DWF Labs

DWF Labs Manipulation

DWF Labs Market

DWF Labs Transfers

SPELL

SPELL Token

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Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
Analysis

SPELL Token Surges By 25% As DWF Labs Receives Massive SPELL Investment

Key Points:

  • DWF Labs receives a substantial investment of 3.3B SPELL ($1.57M) from Abracadabra.Money.
  • The SPELL token surges by 25% following the investment in DWF Labs.
DWF Labs has recently received 3.3B SPELL tokens ($1.57M) from Abracadabra.Money. SPELL experienced an immediate surge of over 25% following the transaction.

DWF Labs, a leading player in the crypto industry, has recently received 3,300,000,000 SPELL ($1.57M) from Abracadabra.Money. After which, DWF Labs has recently deposited 1,000 $SPELL to Binance as a test.

SPELL Token Surges By 15% As DWF Labs Receives 3.3M SPELL Token

Right after the transaction, the SPELL token experienced an immediate surge of 25%. Over the past two weeks, this is the largest amount of tokens received by DWF Lab, with the previous ones being BEL, MDT, and some other tokens.

SPELL Token Surges By 25% As DWF Labs Receives Massive SPELL Investment
Source: Binance

However, amidst this success, Wintermute has criticized DWF Labs on multiple occasions. Accusing them of market manipulation instead of providing liquidity, Wintermute’s statements have sparked controversy. DWF Labs firmly denies any involvement in manipulation and attributes the volatility to market dynamics and investor behavior.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.