DWF Labs Faces Losses in Recent Altcoin Investments

According to Odaily, DWF Labs has experienced a challenging month following the disclosure of its secondary market operation wallet address. Over the past month, the firm has withdrawn seven types of altcoins from centralized exchanges, investing approximately $6.43 million. Currently, six projects are showing losses, while one is profitable, resulting in an overall deficit of about $850,000, equating to a 13% loss. The specific purchases include 51.15 million JST tokens at a cost of approximately $1.89 million, averaging $0.037 per token; 5 million MANTA tokens costing around $1.54 million, with an average price of $0.309 per token; 4.73 million YGG tokens purchased for about $1.02 million, averaging $0.216 per token; 137 million IOST tokens at a cost of $480,000, with an average price of $0.0035 per token; 21.28 million IOTX tokens costing approximately $440,000, averaging $0.021 per token; 3 million SIREN tokens purchased for around $540,000, with an average price of $0.18 per token; and 3.5 million PHA tokens costing about $480,000, averaging $0.139 per token.