In a major gust of developments witnessed throughout the cryptocurrency realm at present, February 14, Andrei Grachev, the pinnacle of a number one digital asset market maker, DWF Labs, spotlighted his enterprise into crypto investments, garnering noteworthy consideration globally. As per a put up by Grachev on the social media platform X, the digital asset market maker’s head invested within the PROM token with a strong dedication to carry cash for at the least a yr.
This seems to have piqued the curiosity of crypto market merchants and traders globally because the funding showcased a robust sense of bolstering for the gaming NFT market Prom. Meanwhile, Prom’s native token, PROM, surged phenomenally at present, driving a wave of hypothesis throughout the huge sea of crypto following Grachev’s funding.
A Closer Look Into The Report
According to the put up shared by Grachev, this was supposedly the crypto veteran’s first cryptocurrency funding. Intriguingly, this funding was extra private than an funding from his agency, DWF Labs, as per Grachev’s assertion. With a dedication to jack up the challenge and a considerable funding for a yr, the market maker head seems to have propelled immense optimism for the token inside the broader crypto market. The practically 100% pump famous by the PROM token additional mirrored the funding’s optimistic influence on the PROM tokenomics.
Meanwhile, as per the on-chain tracker Lookonchain, 500K Tether (USDT) attributed to the buildup of 49,965 PROM, displaying Grachev’s funding into the NFT market. Notably, the prior talked about variety of PROM was purchased at $10 per token at present. The pockets deal with linked to Grachev was noticed as 0x39fD57.
Also Read: COPA Trial On Satoshi Nakamoto’s Identity: Craig Wright’s Testimony Sparks Controversy
PROM Price Soars
As of writing, the Prom value famous a 75.80% surge prior to now 24 hours and is at present buying and selling at $13.12. The token surged phenomenally at present, even earlier than Grachev purchased colossal quantities of PROM, per Trading View’s knowledge. This seems to have fueled further inferences for the token, because it traded as excessive as $14.64 at present.
Meanwhile, the 24-hour buying and selling quantity and market cap additionally famous noteworthy upticks at present, aligning with the abovementioned shopping for of PROM. The buying and selling quantity surged 2917.60%, reaching $82.44 million, whereas the market cap soared 76%, resting at $239.44 million as of writing.
Also Read: Can Fed’s Preferred Gauge PCE Disappoint Too After CPI Comes In Hot?
The offered content material could embrace the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty in your private monetary loss.
