Crypto Controversy: DWF Labs Receives 3.3B SPELL ($1.57M) Investment from Abracadabra.Money, Triggering 25% Surge
Following this investment in DWF Labs, the SPELL token experiences a remarkable surge of 25%.
Recently, DWF Labs received an influx of 3.3 billion SPELL tokens (equivalent to $1.57 million) from Abracadabra.Money, triggering an immediate surge in the SPELL token by over 25%.
DWF Labs, a prominent entity in the crypto industry, was the recipient of this substantial investment from Abracadabra.Money. Subsequently, DWF Labs conducts a trial deposit of 1,000 $SPELL to Binance.
In the wake of this transaction, the SPELL token sees an immediate surge of 25%. Over the past fortnight, this marks the most significant token acquisition for DWF Labs, following prior acquisitions of BEL, MDT, and various other tokens.
However, amidst this success, Wintermute has voiced criticism against DWF Labs on multiple occasions, alleging market manipulation rather than liquidity provision. Wintermute’s statements have stirred controversy within the crypto community. DWF Labs vehemently refutes any involvement in manipulation and attributes the market volatility to dynamics inherent to the market and investor behavior.