ALGO Price Soars 185% as DWF Labs Deposits $9 Million to CEX

According to recent updates from COINOTAG News on December 3rd, DWF Labs has made a significant maneuver in the cryptocurrency space by depositing an additional 2 million ALGO, valued at approximately $1.14 million, into a centralized exchange (CEX) just three hours prior. This move is part of a larger trend, as DWF Labs has cumulatively deposited around 16 million ALGO, equating to a total of $9 million, since November 21st. During this period, the price of ALGO has experienced a dramatic surge of nearly 185%, reflecting heightened market activity and investor interest. This development highlights DWF Labs’ strategic positioning in the market, as institutional players continue to shape the trajectory of cryptocurrency assets and influence broader market dynamics.