Major Market Maker DWF Labs Announced a Partnership with a New Altcoin, There was a Sudden Rise in Price!

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

At this point, DWF Labs recently announced that it has established a partnership with DeXe Network (DEXE).

Sharing from the X account, DWF Labs said:

“We are excited to announce that our newest ecosystem partner is DeXeNetwork!

I’m pleased to share that we’ve built our DAO in DeXe and published several offerings for collaboration within the DeXe DAO.

Today our liquidity partnership proposal was approved by the community.

I believe DAO tools on DeXe will be a game changer as DAOs offer a revolutionary way to manage assets and treasuries.

“I look forward to the impact and success of this partnership.”

Following the news of this partnership, the DEXE price increased by up to 9%.

As part of this partnership, DWF Labs purchased 300 thousand DEXE (~$4.74 million) from the DEXE DAO treasury wallet. DEXE is currently ranked #5 in DWF Lab’s portfolio and is the first time DWF Lab has held this token.

DWF Labs received 300K $DEXE (~$4.74M) from the DEXE DAO treasury wallet 40 minutes ago.$DEXE is now ranked 5th in the DWF Lab portfolio and marked the first time DWF Lab held this token.

Follow @spotonchain and track DWF Labs’ on-chain activities via this entity now… pic.twitter.com/yruuKXrr03

— Spot On Chain (@spotonchain) April 9, 2024

*This is not investment advice.

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