Market Maker Company Takes Action as Altcoin Price Soars: Key Highlights for Crypto Enthusiasts (Altcoin-ALTC)

• Market maker DWF Labs has reportedly made a seven-fold profit through VELO so far.
• According to blockchain analysis platform Spot On Chain, DWF Labs deposited 10 million VELO into the Bybit exchange earlier today, valued at $0.021 per unit.
• DWF Labs, operating as a market maker, has invested in hundreds of crypto projects to date.

DWF Labs, a prominent market maker, has seen significant returns on its investment in VELO, highlighting the potential profitability of strategic crypto investments.

DWF Labs’ Investment in VELO

DWF Labs, a market maker in the crypto space, has reportedly made a seven-fold return on its investment in VELO. According to data shared by blockchain analysis platform Spot On Chain, DWF Labs deposited 10 million VELO into the Bybit exchange earlier today. At the time of deposit, the tokens were valued at $0.021 per unit. This investment is part of DWF Labs’ broader strategy, which has seen the firm invest in hundreds of crypto projects to date.