Giant crypto market maker DWF Labs made an altcoin investment worth millions of dollars.
According to data from the on-chain analysis platform Spot On Chain, the market maker DWF Labs took action for Beam (BEAM) around 13.00 GMT on March 15th.
The data revealed that the market maker purchased 130.8 million BEAM worth $4.75 million. DWF Labs had previously taken the lead in price increases by investing in many altcoins.
According to DeBank data, DWF Labs’ wallet that purchased BEAM also contains an additional $2.1 million worth of USDT and $1.4 million worth of Prom (PROM).
According to CoinGecko data, BEAM, which showed a 12% increase due to the latest news, climbed from $0.034 to $0.039 levels. At the time of writing, BEAM is trading at $0.036.
