DWF Labs has further solidified its alliance with the FLOKI ecosystem by substantially acquiring FLOKI tokens valued at $1.25 million.
DWF Labs executed this acquisition over the counter, highlighting strong belief in the meme coins in the ongoing bull market.
FLOKI’s price has been incrementally growing throughout the past year. Although memecoins have been notably stale throughout the first half of 2023, FLOKI’s price has soared by over 300% in a year.
The acquisition of DWF Labs earlier today further boosted the memecoin’s price by 10%, now up by 18% in the past 24 hours. The token is also currently the top USDT trading pair on Binance, recording a daily trading volume of nearly $38 million.
Initiating the partnership in May 2023, DWF Labs initially invested $5 million in FLOKI. Since then, DWF Labs has been instrumental in widening the memecoin’s influence and presence within the crypto market. The company has contributed significantly to the token’s inclusion in major cryptocurrency exchanges and has facilitated connections with critical projects in the industry, greatly enhancing FLOKI’s utility and visibility in the digital asset marketplace.