Millions

FLOKI

when

Coin

<ul class="news-points">
 <li>DWF Labs announces investment of $12 million in Floki tokens via the open market and the Floki treasury.</li>
 <li>Previously, a wallet linked to DWF moved $5M USDT to the LADYS meme coin developer’s wallet.</li>
 <li>The TURBO meme coin community anticipates DWF Labs’ involvement.</li>
</ul>
DWF Labs, a prominent investment firm and market maker, has announced a significant investment of $12 million in Floki tokens. According to a Floki developer known as “B,” this investment will come from both the open market and the <a href="https://www.coindesk.com/business/2024/06/04/dwf-labs-to-purchase-12m-floki-from-project-treasury-open-market/" target="_blank" rel="noopener noreferrer nofollow">Floki treasury</a>.
This investment follows DWF Labs’ previous purchase of $10 million worth of FLOKI tokens in February, which boosted the token’s price by 50%. Notably, the partnership between Floki and DWF Labs began in May 2023 when the firm initially acquired $5 million in FLOKI tokens. Since then, DWF Labs has also committed to a $10 million investment in Floki’s sister project, TokenFi, over the next two years.
Moreover, DWF Labs’ involvement has been instrumental in securing key <a href="https://coinedition.com/floki-meme-coins-price-surge-following-listing-on-dwf-labs/" rel="noopener noreferrer nofollow">exchange listings</a> and industry partnerships, significantly enhancing the Floki ecosystem. As a result, the FLOKI token has surged by over 742% since last year.
Meanwhile, DWF Labs is not s…
The post <a href="https://coinedition.com/dwf-labs-pours-millions-into-floki-signaling-institutional-interest-in-meme-coins/" rel="noopener noreferrer nofollow">DWF Labs Pours Millions into Floki, Signaling Institutional Interest in Meme Coins</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

DWF Labs Pours Millions into Floki, Signaling Institutional Interest in Meme Coins

Coin Edition

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