PANews reported on October 8 that according to The Data Nerd, ORBS has risen 42% today. In some recent cases, when DWF Labs deposited tokens into CEX, the price rose rapidly at first, but this is not always the case.
ORBS currently represents the largest portion of the DWF Labs portfolio at 150 million tokens (approximately $4.98 million), which were minted in 2018. DWF Labs deposited 24.06 million ORBS (approximately $776,800) into Bithumb 1 hour ago at an average price of $0.031; these tokens were withdrawn from Upbit 3 months ago at an average price of $0.22. In addition, between March 15 and May 29, they deposited a total of 193.9 million ORBS (approximately $5.85 million) into Upbit and Bithumb at an average price of $0.03; subsequently, the price of ORBS fell 27%, from 0.033 The dollar fell to $0.026. From May 9 to June 21, they deposited a total of 20.5 million ORBS (approximately $549,000) into Uupbit at an average price of $0.0267. Subsequently, ORBS price fell by 29%, from $0.027 to $0.021.
Meanwhile, ORBS has rapidly risen by more than 40% in just one day. Another point worth noting is that Upbit is currently one of the top three ORBS holders, with 1.63 billion ORBS (about $49.8 million), accounting for 16% of the total supply.
