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DWF Labs Invests $6.43 Million in Altcoins Amid $850,000 Loss

DWF Labs' recent investment in seven altcoins reflects the ongoing challenges posed by market volatility, with six projects currently showing losses.

MANTA

Summary

DWF Labs has disclosed a total expenditure of $6.43 million on seven tokens, facing an unrealized loss of approximately $850,000. The tokens include JST, MANTA, YGG, IOST, IOTX, SIREN, and PHA, with six in the red and only one showing profit. This highlights the volatility of the digital asset market.

Terms & Concepts
  • Altcoins: Any cryptocurrency other than Bitcoin, often representing various projects and technologies in the digital asset space.
  • Unrealized Loss: A loss that occurs when an asset's market value falls below its purchase price, but the asset has not yet been sold.
  • Volatility: The degree of variation in trading prices over time, indicating the risk and potential for rapid price changes in the market.