DWF Labs, bought 20 million units of the New Altcoin on Solana! Is a Big Move Starting? - Coin Bulletin

robot
Abstract generation in progress

On-chain analysis platform Lookonchain announced that DWF Labs has purchased 20 million KAPPA tokens for market making purposes at a value of (630 thousand dollars).

The transaction took place five days ago and this move is considered as one of the significant steps taken to increase KAPPA's liquidity.

KAPPA, a new project based on Solana, was minted on January 24, 2025 and shortly after its release, it caught the attention of major investors. Market makers like DWF Labs contribute to price stability by increasing the liquidity and trading volume of new projects.

DWF Labs' move strengthens the possibility that KAPPA could trade more widely in the market and have a significant impact on price movements. Market-making activities for newly issued tokens generally increase trading volumes, while investors closely monitor how KAPPA will perform in the future.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)