Investors were eagerly anticipating the debut of the cryptocurrency Lista on Binance today. The listing occurred and the price surged to $0.81. However, actions taken by the renowned market maker DWF Labs regarding Lista have raised among investors.
DWF Labs’ Move on Lista
The recent listing of LISTA various exchanges resulted in a price tag of $0.81, signifying a substantial for the cryptocurrency. In contrast, DWF Labs, recognized as a market maker () for LIST DAO, made a significant move that was reported to us by Lookonchain.
According reports, DWF Labs made an extensive purchase of 10 millionA tokens from project two days prior to listing. Following this acquisition, DWF Labs initiated a series transfers to several centralized exchanges (CEXs) in preparation for anticipated trading activityWhich Exchanges Received Lista from DWF Labs
The distribution of tokens by DWF to different exchanges unfolded as follows:
– 2.5 million LISTA tokens were to Bitget.
– 2 million tokens went to Binance.
– MEX received 1.5 million tokens.
– Gate.io and KuCoin each received an quantity.
These transfers by DWF Labs raise questions about the exact purchase price of these and their potential impact on market dynamics.
Some opinions suggest that this action may help mitigate price fluctuations; however, it is necessary to question why these tokens were disbursed across listed exchanges instead of one consolidated platform. Despite differing views on its implications, it is that the substantial transfer of Lista will serve as a mitigating factor against sharp increases in upon sale unless further transparency is provided by DWF Lab regarding their initial token purchase.
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Disclaimer: The presented in this article does not constitute investment advice. Investors should be aware that cryptocurrencies are to high volatility and risk and should conduct thorough research before making any investment decisions.”
