DWF Labs, one of the leading investment firms, has invested millions of dollars in a meme coin project. The team of popular meme coin Floki Inu is very hopeful about this investment.
DWF Labs acquires $5M FLOKI from the Floki treasury
Meme coin project Floki Inu (FLOKI) announced a strategic partnership today. Floki announced that Web3 investment firm DWF Labs has purchased $5 million worth of FLOKI Tokens from the Floki treasury. He also noted that this investment will help accelerate the adoption of FLOKI Token. In this context, Floki Inu shared the following on his official Twitter account:
DWF Labs partnered with Floki. The firm purchased $5 million worth of FLOKI tokens. Floki has formed a strategic partnership with DWFLabs, a leading digital asset market maker and multi-stage web3 investment firm.
DWF LABS PARTNERS WITH FLOKI, PURCHASES $5 MILLION WORTH OF FLOKI TOKENS#Floki has formed a strategic partnership with @DWFLabs, a leading digital asset market maker and multi-stage web3 investment firm. pic.twitter.com/5nCdw5mkuJ
— FLOKI (@RealFlokiInu) May 25, 2023
According to the meme coin project team, this partnership is based on DWF Labs’ strong belief in the potential of Floki and the future of the Floki Ecosystem. DWF Labs is one of the industry’s leading market makers. Besides, it is a multi-stage web3 investment firm. Meanwhile, as you follow on Kriptokoin.com, it was one of several projects that partnered with industry leader Binance for the $1.1 billion Industry Recovery Initiative (IRI), among other major investment firms.
The investment news has also been a positive catalyst for the meme coin price. Sliding into the red zone during the day, FLOKI made a sudden leap. At press time, FLOKI is trading at $0.0000317, up 1.74% on a daily basis.
FLOKI daily price chart / Source: CoinMarketCapInvestment assessment of the meme coin project team
Floki Inu’s development team made an assessment of the DWF Labs investment.
As part of this partnership, DWF Labs purchased $5 million worth of FLOKI tokens from the Floki Treasury. It will also leverage its networks and resources to help accelerate the adoption of the FLOKI token as it progresses towards becoming the world’s best-known and most used cryptocurrency. This partnership will be particularly valuable in helping to accelerate the adoption of Floki in corporate circles. Also, they have strong beliefs in Floki’s potential. Therefore, they are very interested in purchasing more FLOKI tokens in the future.
This partnership is very important for Floki. It’s also one of many corporate partnerships from Floki that shows strong institutional demand for its token and ecosystem. A privilege that many projects originating from “meme” do not have. It will also unlock funds that can be used to grow the Floki Ecosystem more aggressively.
DWF Labs’ deep connections with exchanges, trading outlets, institutional investors and top projects have helped Floki since we first connected a few months ago. They will also leverage these connections to help Floki grow much faster.
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