DWF Labs and Gnosis Drop $2,000,000 on Perpetual Protocol (PERP): Bulls Eye ‘Moon Mission’ After Big Buys
In a noteworthy development, DWF Labs has made its inaugural purchase of 100,000 $PERP tokens, valued at approximately $1.04 million according to the data from The Data Nerd.
The transaction took place on Binance, one of the world’s leading cryptocurrency exchanges, with each $PERP token priced at $1.04.
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Gnosis Team’s Strategic Deposit
Not to be outdone, the Gnosis Team behind the @perpprotocol also made a significant move. They deposited 1 million $PERP tokens, equivalent to $1.1 million, into Binance. This marks their first deposit into a centralized exchange (CEX) in over a year.
Following these high-profile transactions, $PERP experienced a remarkable price surge. The token’s value pumped by 35% to reach $1.05 within the same day.
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Show more +Price Performance Overview
To put this into perspective, let’s look at $PERP’s recent price performance across various time frames:
- 1 Hour: 2.7% increase
- 24 Hours: 13.5% increase
- 7 Days: 155.7% increase
- 14 Days: 158.9% increase
The market is buzzing with speculation about whether $PERP is “mooning” soon. The significant investments from DWF Labs and the Gnosis Team have certainly added fuel to the fire.
The recent activities surrounding $PERP indicate a heightened interest from key players in the crypto space. Whether this will lead to a sustained upward trajectory for $PERP remains to be seen, but the current signs are undeniably bullish. Keep an eye on this space for more updates.
Given the recent bullish activities by influential market players like DWF Labs and the Gnosis Team, there’s a palpable sense of optimism surrounding $PERP. The token has already seen a 155.7% increase over the past week, and the question on everyone’s mind is: could it surge by another 150%?
While past performance is not indicative of future results, the current market sentiment, coupled with significant investments from key players, suggests that another major price surge is within the realm of possibility. If the token continues to gain institutional backing and positive market signals persist, a 150% increase in the near term could very well be on the cards.
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