Investors were eagerly anticipating the cryptocurrency Lista’s listing on Binance today. The listing has just occurred, with the price reaching a peak of $0.81. However, the actions of market maker DWF Labs regarding Lista have raised concerns among investors. Let’s take a closer look at DWF Labs’ moves.
DWF Labs’ Move on Lista
The recent listing of LISTA on multiple exchanges resulted in a price of $0.81, which is a significant figure for the cryptocurrency. However, DWF Labs, identified as a market maker for LISTA DAO, has made a move that has caught attention. Lookonchain has reported this move to us. For the latest financial and business news, visit COINTURK FINANCE.
According to the report, DWF Labs made a substantial token purchase from the project two days before the listing. They acquired 10 million LISTA tokens. Following this acquisition, DWF Labs initiated a series of transfers to various centralized exchanges in order to prepare the market for anticipated trading activity.
Which Exchanges Received Lista from DWF Labs
The distribution of tokens by DWF Labs to different exchanges is as follows:
– 2.5 million LISTA tokens to Bitget
– 2 million to Binance
– 1.5 million to MEXC
– 100,000 to Gate.io
– 100,000 to KuCoin
These transfers by DWF Labs have raised some questions. The exact price at which DWF Labs acquired these tokens is unclear, but it is likely that Lista was purchased at a low price. Now that it will be sold on exchanges, DWF Labs stands to make significant profits.
While some comments suggest that this move might help reduce potential price fluctuations, I personally disagree with these views. Additionally, one must question why the tokens were sent to different listed exchanges instead of just one. Regardless of the outcome, the significant transfer of Lista to exchanges will prevent price increases in case of sales. If only DWF Labs disclosed the price at which they bought these tokens, we could see a greater level of transparency. But of course, trade secrets exist.
You can follow our news on Telegram, Facebook, Twitter, and Coinmarketcap.
Disclaimer: The information in this article is not investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and should conduct their own research.
