Founder of Controversial Market Maker DWF Labs Invested in a New Altcoin: Sudden Rise in Price!

DWF Labs, one of the important market makers in the cryptocurrency market and attracting attention with its investments, attracts attention with its altcoin purchases.

But this time the situation is different. This time, the investment was not made by DWF Labs, but by its founder Andrei Grachev.

At this point, Lookonchain announced that the founder of DWF Labs purchased PROM.

Quoting DWF Labs founder Andrei Grachev’s post, Lookonchain announced that Grachev received 49,965 PROM.

“DWFLabs founder spent 500k USDT to buy 49,965 $PROM at $10 30 minutes ago”

Grachev said, “I made my first investment in a crypto project on my own, not by DWF. I invested in PROM with the commitment to keep PROMs for at least 1 year and support the project properly.” said.

Andrei Grachev(the head of @DWFLabs) spent 500K $USDT to buy 49,965 $PROM at $10 30 minutes ago.https://t.co/T9M6JcdLqnhttps://t.co/gppoIQEAQO pic.twitter.com/yGXq2xHbUa

— Lookonchain (@lookonchain) February 14, 2024

Following this news, PROM listed on Binance started to rise. PROM has increased by more than 90% in the last 4 hours. PROM continues to trade at $14 at the time of writing.

*This is not investment advice.

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