Institutional Whales Are Filling Their Stash With These Altcoins!

Standing out as an active institutional investor in the bear market, DWF Labs added to its altcoin stash today.

DWF Labs collects this Elon Musk-backed altcoin

According to data provided by Lookonchain, DWF Labs has raised 2.36 trillion LADYS for 135 ETH today. The average purchase price of the company was $0.0000000104. He made a total of $245,000 purchases.

Milady Meme Coin (LADYS) is currently trading at $0.000000088840, down 20% intraday. At the current price, the DWF Labs acquisition is about 15% off. The company had previously collected large amounts of LADYS.

LADYS rally

LADYS token recently rally with a tweet by Elon Musk. DWF Labs attracted attention with the purchase of 15 trillion LADYS for 13.53 ETH the day before. The company also serves as a liquidity provider for the cryptocurrency market. He stated about this heavy purchase before the rally, that the transaction was for market making.

With Musk’s tweet, LADYS quickly climbed to the highest trend point on OpenSea. The base price of the collection momentarily reached the ATH level of 7.3 ETH, or around $13,700, before dropping to 5.6 ETH. Overall, the base price of the collection increased by 59%. As Kriptokoin.com, we have included the details of the development in this article.

It should be noted that DWF Labs was an active investor during the bear market. The company has invested in numerous altcoin projects throughout the year.

On the other hand, a new Shiba Inu whale is buying 2% of SHIB’s total supply after it recently hit the market.

New altcoin whale becomes 5th largest SHIB investor within hours

A newly emerged whale has become the fifth largest owner of Shiba Inu, with $176.80 million worth of purchases, according to Etherscan.io data. The data reveals that the whale made an astonishing 20 trillion SHIB purchases.

This major acquisition was made with four equal transactions where each transaction added 5 trillion SHIB to the investor’s portfolio. Interestingly, all the operations were done at the same time.

Whale Alert also confirms the massive purchase. This whale is currently the 5th largest SHIB whale with its recent purchases. It should also be noted that the purchase is 2% of the Shiba Inu’s total supply.

Could the altcoin whale be preparing?

In a recent Twitter meeting, Shiba Inu metaverse consultant Marcie Jastrow shared updates on the SHIB Metaverse. Answering questions from the community, Marcie revealed that the team plans to release previews of the four centers by September. These are: WAGMI Temple, Rocket Pond, Ryo Plaza and Tech Trench. She also confirmed that the Shiba Inu metaverse will be available on PC, mobile and virtual reality (VR) platforms.

As we reported as Kriptokoin.com, the Shiba team was being criticized for not making progress on the SHIB Metaverse project. The Shiba Inu team confirmed that it crashed above the metaverse area on May 16.