March 29, 2024

DWF Labs invested in the developers of the FLOKI meme-coin

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DWF Labs invested in the developers of the FLOKI meme-coin

DWF Labs announced a collaboration with the team behind the Floki meme token and said it was buying $5 million worth of project tokens.

“This partnership is based on DWF Lab’s strong belief in the potential and future of the Floki ecosystem,” the company says.

DWF Labs is going to use its network andresources to help speed up the spread of the meme token. The company claims that it feels high institutional demand for the FLOKI token and the Floki ecosystem:

“DWF Labs' close connections with exchanges, investors and leading projects will benefit Floki and help the project grow at a much faster pace in the coming weeks and months.”

The creators of the Floki project would likeoutgrowing competitors such as Dogecoin and Shiba Inu, becoming the most widely used memcoin. After the announcement of the partnership, Floki's price increased by 0.71% per day. On Friday afternoon, June 26, the FLOKI token was trading at $0.0000314.

Let us remind you that the Floki Inu project was launched onwave of popularity of the Dogecoin cryptocurrency and the Shiba Inu token. Currently, Floki has more than 440,000 users, and the project capitalization is $312 million. Previously, Bits.media published material about how memcoins can replace regular money.