Giant Market Maker Made a Profit of 22 Million Dollars from Altcoin Investment!

Giant market maker DWF Labs managed to make an 11-fold profit thanks to its altcoin investment.

According to data provided by on-chain analysis platform Lookonchain, DWF Labs earned $22 million thanks to its Frontier (FRONT) investment.

The company invested $2 million in FRONT on September 29, 2023. $24 million worth of SLF was allocated to DWF Labs' wallets on June. In this way, the company's profit reached 22 million dollars.

FRONT is currently positioned on the verge of a token upgrade and a 1:1 conversion of FRONT assets to SLF is planned.

According to CoinGecko data, FRONT, which has increased by 5% in the last 24 hours, is traded at $ 1.26 at the time of writing.

DWF Labs has managed to stand out many times with its successful altcoin investments so far.