Major Market Maker DWF Labs Announced a Partnership with This Altcoin, Price Reacted Backwards!
DWF Labs, one of the important market makers, draws attention with its recent partnerships and the altcoins it invests in.
At this point, the latest news came from DWF Labs and BinaryX.
Sharing on its Twitter account, BinaryX announced that it has established a partnership with DWF Labs.
“We are excited to announce that DWF Labs and BinaryX have reached a liquidity partnership agreement to increase the liquidity of BNX tokens.
The deal was financed in the form of a loan from BinaryX to DWF Labs through the Binance Loans platform.”
“We’re excited to announce our partnership with BinaryX, the creative minds behind games like AI Hero and CyberDragon. We support their mission to bring high-quality games to the Web3 and Metaverse community. In addition to game development, BinaryX has expertise in marketing, tokenomic remodeling, and design,” DWF Labs said in a statement. “It also offers IGO Launchpad, a fundraising platform, and provides access to over 100,000 BNX token holders. Play the latest BinaryX games and trade in the decentralized multi-asset marketplace powered by BNX.” said.
We are excited to announce that DWF Labs @DWFLabs and BinaryX has reached a liquidity partnership agreement to boost liquidity for BNX tokens.
The agreement has been financed in the form of a loan from BinaryX to DWF Labs, executed through the Binance Loans platform. $BNX to… pic.twitter.com/NeQIpBgDHV
— BinaryX (@binary_x) October 17, 2023
While it was expected that the price of BinaryX’s native token, BNX, would increase following the news of the partnership, the price of BNX reacted adversely and dropped by more than 10%.
*This is not investment advice.
