🔎 Market maker DWFLabs received a new token to his wallet
7 hours ago DWF received 126 million LBL from several addresses ($264k at the exchange rate at the time of the transaction). At this moment, the token attracted our attention.
LABEL Foundation is a Web3 music platform for musicians and content creators. There is no feeling yet that the NFT and Web3 narrative for artists is returning to the market. But we took LBL under close surveillance and here’s why 👇
👀 Back in April, LBL received an investment of $1 million from DWF. The market capitalization of the project at the moment is only $5 million. For comparison, the closest competitor AUDIO has a capitalization of now $220 million. LBL is traded on HTX, Bithumb, Gateio and on Pancake to BUSD... There was no listing on Binance, there is no futures pair.
From June to November we see accumulation on the chart. And although the token price has increased by +70% over the last day, there is good potential for further growth.
👨💻 As always, we are just sharing our on-chain observations.