Memcoins are back at the top, and market maker DWF Labs promises a major investment in this sector.
According to #Kaiko, open interest in such memcoins as #BONK, #WIF,#PEPEis now greater than in#BTCand #ETH. And seven of the memcoins entered the TOP-15 assets in terms of trading volume per day, with figures of more than $1 billion.
Managing partner of #DWFLabs, Andrey Grachev, writes in his X account:
“We are in talks with several meme coins and are willing to commit a large amount of funding to allow them to grow faster and more efficiently. Stay tuned, there will be even more new products"
Traditionally, when DWFLabs announces investments in a project, this is a reason to sell the project’s asset on the pump, and not buy it. Most often, DWF Labs buy an asset in advance and unload on the news about investments from the crowd. This is their simple and effective enrichment scheme. Therefore, in the current situation, the smart idea is rather to place sell orders based on your speculations on memcoins near strong resistances.
By the way, the#Etherscanservice shows that today DWFLabs transferred $5 million to a wallet identified by on-chain analysts as an early wallet of the#LADYStoken project. There has been no official information on this from the market maker yet, so growth based on the news may be ahead. But the asset is locally overbought and is being corrected. On news occasion and increased volumes, it may show an upward reversal +/- from the current ones. If they did, it would be around the volume level of $0.00000021984. Now the entry points are already unsuccessful. However, the daily EMA Ribbon gave a LONG signal a couple of days ago, and much will depend on the ability of the bulls to gain a foothold above the $0.00000026503 level.
On the weekly timeframe, the asset turned upward last week. There is a successful test of the 50 level of the RSI and there is a possibility of a bullish crossover on the MACD. The goal in case of growth is $0.00000040000 and further ATH update. There is a serious threat of uptrend cancellation if the daily candle is fixed below the volume level of $0.00000021984.
