DWF Labs Adds 30M ORBS to Bithumb, Leaving 11M ORBS Unchanged

Crypto News- In a recent series of tweets, Lookonchain has shed light on significant transactions involving the ORBS cryptocurrency, carried out by DWF Labs, a prominent Web3 investment firm. These transactions underscore DWF Labs’ growing involvement and commitment to the Orbs ecosystem, mirroring the broader momentum of the blockchain industry.

DWF Labs Adds 30M ORBS to Bithumb, Leaving 11M ORBS Unchanged

Today, Lookonchain’s latest tweet reported, “DWF Labs has added another 30 million ORBS (equivalent to $1.25 million) to its deposit on Bithumb, retaining 11 million ORBS (valued at $467,000) in reserve.” This move follows DWF Labs’ previous deposit of 50 million ORBS ($1.3 million) into Bithumb on October 13, as earlier disclosed by Lookonchain.

On the same day, Lookonchain also shared, “DWF Labs recently deposited 800,000 ORBS ($21,000) into Coinone, adding up to a total of 1.9 million ORBS ($48,000) in the last two days. DWF Labs presently holds 138 million ORBS, equivalent to $3.48 million.”

What’s motivating these consistent deposits? The ORBS cryptocurrency, currently trading at $0.04417, has undergone notable price fluctuations in the past week. Although it has experienced a 17.48% decrease in the last 24 hours, it has surged by 73.30% in the past 7 days and an impressive 104.45% in the last 30 days. These fluctuations indicate robust market interest and active investment activities.

The reasoning behind DWF Labs’ recurrent deposits can be attributed to the firm’s strategic positioning within the Orbs ecosystem and its overarching commitment to the blockchain industry. DWF Labs initiated its involvement in the Orbs ecosystem seven months ago with a substantial token acquisition of up to $10 million, highlighting its dedication to the project and its confidence in the potential of the blockchain space.

DWF Labs is widely acknowledged as a significant advocate of the emerging The Open Network (TON) ecosystem. Orbs, actively participating in the TON ecosystem, has also invested in TON projects, reaffirming its commitment to driving innovation within the TON network. The deposits made by DWF Labs not only reinforce its increasing interest in ORBS but also align with its broader mission to support and advance Web3 technologies.