Three hours ago, DWF Labs (@DWFLabs) made a strategic move by staking 300,000 $DEXE tokens, valued at $5.17 million, for a 12-month period.
This decision underscores their confidence in the DEXE ecosystem and their long-term vision for its success.
Interestingly, DWF Labs, known for its dual role as both an investor and market maker for @DexeNetwork, originally received this 300,000 $DEXE allocation on April 9, 2024. Their decision to lock these tokens for a year demonstrates a strong belief in the project’s potential growth and sustainability.
Confidence in DEXE and Rising Whale Activity
Such a long-term commitment is a clear signal of faith in DEXE’s future, encouraging the community to watch this ecosystem closely. Notably, DEXE has been attracting significant whale interest this week, ranking second among projects with large increases in whale transactions for altcoins with $500M+ market caps.
Top Projects by Whale Transaction Growth This Week
Here are the altcoins that saw the largest spikes in whale activity over the past week:
1. @makerdao $DAI (BNB): +800%
2. @dexenetwork $DEXE: +250%
3. @layerzero_core $ZRO (Optimism): +200%
4. @aave $AAVE (Polygon): +200%
5. @makerdao $DAI (Arbitrum): +182%
6. @telcoin $TEL: +100%
7. @gatetoken $GT: +100%
8. @ripple $XRP: +81%
9. @makerdao $DAI (Polygon): +182%
10. @ondofinance $ONDO: +59%
The Bottom Line
DWF Labs’ bold staking move is a testament to their trust in the DEXE ecosystem, solidifying its place as one of the most-watched projects in the altcoin market.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.