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⚠️🚨Today Altcoins update ✔️✔️
The altcoin Space ID (ID) witnessed an astonishing 80% surge in value within a few hours, captivating traders and analysts alike.
The community is watching Space ID developments closely with questions about the sustainability of this altcoin’s surge.
Why This Altcoin’s Price Skyrocketed
The remarkable uptick in price coincides with South Korea’s largest crypto exchange, Upbit, announcing the introduction of the ID’s Korean won trading pair. ID’s value spike also highlighted DWF Labs’ role in the market.
According to SpotOnChain, the firm conducted major transactions with ID tokens. This includes withdrawing 3.62 million ID, worth around $1.73 million, from OKX. Then, it quickly deposited 2.45 million ID, around $1.12 million, to Binance via Amber Group. These network activities were traced back to an address labeled DWF Labs.
Space ID (ID) Price. Source: BeInCrypto
Moreover, SpotOnChain reported that Upbit’s address holds 97 million ID tokens, valued at $52 million. This makes Upbit the fifth-largest ID holder. Still, Upbit’s ID accumulation sparks market speculation due to DWF Labs and Upbit’s past impact on token volatility.
