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TechFlow reports, according to monitoring data from Spot On Chain, DWF Labs deposited 3.3 billion SPELL tokens (approximately $1.87 million) into Binance over the past 14 to 8 hours at an average price of $0.000567 per token, shortly after the price surged nearly 20%. The market maker is expected to have made a profit of $300,000 from SPELL within just eight hours.
According to monitoring data from Spot On Chain, DWF Labs deposited 3.3 billion SPELL tokens (approximately $1.87 million) into Binance over the past 14 to 8 hours at an average price of $0.000567, shortly after the token's price surged nearly 20%. The market maker is expected to have made a profit of $300,000 from SPELL within just eight hours.
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