Cryptocurrency market is experiencing a period where companies are intensifying their altcoin purchases. This is actually quite significant for the development of cryptocurrency projects. On the other hand, these moves also serve as a guide for investors. Because when companies invest, individuals can make investment decisions more comfortably. Today, a purchase was made for an altcoin. Let’s look at the purchase and the details of it.
DWF Labs Buys $1 Million Worth of Altcoin ARPA
In the cryptocurrency market, DWF Labs, a well-known market maker, made a move for an altcoin today. The famous company has purchased $1 million worth of the altcoin ARPA. The move has caught the attention of the cryptocurrency community.
The details of DWF Labs’ move show that the purchase was made from Bella Foundation. The monetary value of the purchase is seen to be $1 million. The total amount of ARPA purchased is now 16.2 million.
What Happened to the Purchased ARPA?
Following the move to purchase altcoin ARPA, DWF Labs sent the acquired cryptocurrency to Binance. It is beneficial to look at the price of the cryptocurrency ARPA as a result of this move. There was some activity in the price of altcoin ARPA around the time the tokens were sent.
The price of altcoin ARPA rose to $0.075. The price is at $0.073 while writing this article. Let’s mention there is a daily increase of 5%.
The cryptocurrency market is accustomed to the moves of DWF Labs. However, being accustomed to the moves does not mean they are not followed. Because they are followed, we often encounter developments related to the famous market maker DWF Labs. An important aspect of the company’s altcoin investments is that they support cryptocurrency projects. However, it should be noted that the company also benefits from this situation.
When DWF Labs makes an altcoin investment, it acts strategically and enters altcoin projects at critical levels. It sells them when there are increases in price points. Therefore, each move of the company also leads to a sales-focused perspective. In today’s development, we see that the ARPA price was not much affected by this move and the price continued to rise. As seen in the daily chart of ARPA, the cryptocurrency has been moving in an upward direction for 9 days.
