DWF Labs Injects Another $12 Million With the Incoming of Metaverse Game
The post DWF Labs Injects Another $12 Million With the Incoming of Metaverse Game appeared on BitcoinEthereumNews.com.
The announcement followed by the previous commitment to buy $10M worth FLOKI. FLOKI, the first memecoin to surpass $820M in TVL this year. Crypto trading firm, DWF Labs has announced plans to purchase $12 million worth FLOKI tokens from the open market and the Floki treasury. This initiative will support the dog meme coin-turned-utility project’s growing ecosystem. This follows their previous commitment of $10 million worth token purchase in February, which caused a 50% price surge. DWF LABS TO PURCHASE $12,000,000 IN FLOKI TOKENS TO SUPPORT THE FLOKI ECOSYSTEM As a testament to its unwavering support for the #Floki Ecosystem, DWF Labs will purchase $12,000,000 in $FLOKI tokens. A portion of the tokens will be acquired from the market, and the rest will be… pic.twitter.com/z2kHiUgAdc — FLOKI (@RealFlokiInu) June 4, 2024 This investment aims to fuel the growth of Floki’s growing ecosystem, which includes the upcoming release of their flagship metaverse game, Valhalla, along with a trading bot and a domain name service. The purchase signalling their continued confidence in the project. DWF Labs’ involvement has a proven record of their initial purchase worth $5 million FLOKI tokens in May 2023 and the $10 million commitment to Floki’s sister project, TokenFi, have already demonstrated a positive scenario. The trading volumes for FLOKI soared significantly. The Floki Inu trades at $0.0002649 with a $2.53 billion market cap and trading volume at $576 million. Floki Reaches ATH in TVL The FLOKI project has achieved significance in terms of Total Value Locked (TVL), a metric of decentralized finance (DeFi) projects. FLOKI became the first meme coin to surpass $820 million in TVL earlier this year, marking an achievement of all time high across two of its key ecosystem products, Floki Staking and FlokiFi Locker with $700.24M and $120.13M respectively. FLOKI REACHES ECOSYSTEM TVL…
Filed under: News - @ June 4, 2024 10:28 pm