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Andrei Grachev, CEO of DWF Labs, one of the controversial names in the cryptocurrency market with his moves, signaled in his statement today that they could invest more in a surprise altcoin.
Speaking on social media platform X (formerly Twitter), Grachev shared that they currently hold 5 million NEAR tokens, with an additional 6 million staked NEAR tokens. This means the company holds approximately $29 million worth of NEAR tokens.
Addressing Near Protocol developers, Grachev called for the token’s inflation rate to be reduced from the current 5% to 2.5% and stated that they are ready to purchase 10 million NEAR tokens worth approximately $26 million from the secondary market if this is done.
DWF Labs was recently accused of manipulation by rival market makers. Onchain data shows the company has $15 million in assets outside of NEAR tokens, led by Ethereum at $6.4 million and JST at $1.77.
*This is not investment advice.