Market Making Company Tripled Its Money with This Altcoin

DWF Labs, one of the largest market makers in the cryptocurrency industry, sent millions of tokens to the Gate.io exchange.

According to information provided by the blockchain analysis platform Spot On Chain, DWF Labs sent 3 million TOKENS ($322 thousand) to the Gate.io exchange as the tokenization of real-world assets (RWA) became a trend again.

TOKEN is the cryptocurrency of the TokenFi project, which enables real-world assets to be tokenized. TokenFi is a Floki project and is managed by the Floki DAO.

DWF Labs received 120 million TOKENS from the Floki team on November 1, 2023. At that time, the TOKEN price was $0.031.

The company has since deposited 90.94 million TOKENS on exchanges, with an average value of $0.07 per unit. The company still has 29.67 million TOKENS in its wallet.