The cryptocurrency market continues to follow a volatile course. However, investors are finding different ways to profit in this environment. Interesting altcoin projects attract the attention of famous companies. Investment house DWF Labs exchanged 13.5 ETH yesterday into a meme coin called LADYS. Meanwhile, Negentropy Capital invested in the BNSS project.
DWF Labs heavily bought this altcoin token
According to Dextools data, LADYS, inspired by the Milady Maker series NFT, has seen a sharp rise in a short period of time. LADYS adopts the tokenization model to facilitate the accumulation of meme capital in the meme coin craze. The altcoin is currently trading at $0.0(7)4295. Meanwhile, the altcoin has gained over 400% on the day.
LADYS daily price chart / Source: CoinMarketCapAs Cryptokoin.com, Twitter CEO Elon Musk had previously posted a tweet on social media with the Milady Maker series NFT image and the headline “No memes, I love you”. The price of the Milady Maker series NFT base quickly doubled within 20 minutes after this post, reaching 7.1 ETH at one point.
According to on-chain data analyst Yu Ashes, investment house DWF Labs yesterday exchanged 13.5 ETH (around $25,000) into a meme coin called LADYS. However, the current position at LADYS is currently worth $20,000.
Meanwhile, DWF Labs has emerged quickly and loudly as a major player in the crypto space this year. This surprised many in the industry. Through press releases and media outlets such as CoinDesk and The Block, a stake in projects including $40 million for internet alternative provider Tomi, $40 million for artificial intelligence-related token Fetch.AI and $10 million for AI-focused crypto data project CryptoGPT. announced a series of investments.
Negentropy Capital invests in BNSS project
Negentropy Capital announced that it has invested $300,000 in BNSS. He explained that this investment will support BNSS to develop and deploy domain name resolution services on the Bitcoin Layer-2 network. BNNS is a domain name service provider based on Bitcoin’s next-generation Ordinals protocol. In addition, the BNSS project team will soon launch the unisat wallet-enabled .btc domain name. This will allow users to transfer transactions directly using the .btc domain mapped to their wallet addresses.
Negentropy Capital Partners LLP operates as an investment management firm. The firm specializes in loan investment strategies as well as provides portfolio management and advisory services. Meanwhile, Negentropy Capital Partners serves clients in the UK.
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