DWF Labs, the recent phenomenon investment management company, literally took the project by purchasing AirDAO (AMB).
According to Lookonchain data, DWF Labs has made a new acquisition. The famous investment group purchased AirDAO (AMB) with a low market capitalization.
DWF Labs spent $7.5 million and added 1.5 billion ECB to its wallet. After this purchase of 18.74 million dollars, the project started to rise. ECB spends the day with a 10 percent increase.
DWF Labs(@DWFLabs) sent 7.5M $USDT and received 1.5B $AMB ($18.74M) in the past 1 hour.https://t.co/BjMXp00M0Zhttps://t.co/6iRoqQ1IDa pic.twitter.com/AgmhmEyAUS
— Lookonchain (@lookonchain) October 3, 2023
The ECB reached out! The rise has begun!
AirDAO (AMB), which has a market value of approximately $20 million, started to rise after a major purchase. The name behind the rise was DWF Labs. The $7.5 million purchase made by the company caused the project to gain more than 10 percent in value.
According to data, 1.75 billion EMB is in circulation. DWF Labs purchased AMB 1.5 billion. Looking at these data, DWF Labs almost became the sole owner of the ECB. The ECB’s maximum supply is at 6.5 billion.
After its acquisition, DWF Labs moved its 500 million AMB by opening a new wallet. The company, which holds the ECB through 2 different wallets, has almost 25 percent of the project.
