Token

FLOKI

Shiba Inu

Valhalla

<p>The post <a href="https://coinpedia.org/news/12m-floki-token-will-be-bought-by-dwf-labs-price-surge-by-14/">DWF Labs Injects $12 Million in FLOKI Token for Metaverse Project; Price Soars 14%</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Time to shine for meme coins! </p> 
<p>The price of <a href="https://markets.coinpedia.org/floki/" target="_blank" rel="noreferrer noopener">FLOKI</a>, the dog-themed meme coin, has experienced a significant increase of 14.40% in recent days and now settling at $0.00028. This rise outperforms its competitors, including Shiba Inu (SHIB), PEPE, and Dogwifhat (WIF), which have seen more modest gains of up to 0.53%, 3.10%, and 5.79%, respectively.</p> 
<p>Here’s all there is to know. </p> 
<h2 class="wp-block-heading" id="h-dwf-labs-boosts-floki">DWF Labs Boosts FLOKI</h2> 
<p>This price surge coincides with the announcement of a strategic investment by DWF Labs, a leading cryptocurrency trading firm. DWF Labs plans to acquire $12 million worth of FLOKI tokens, sourced from both the open market and the Floki Project Treasury. This move signifies DWF Labs’ confidence in FLOKI’s evolving ecosystem, which is transitioning from a meme coin to a utility project.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">DWF LABS TO PURCHASE $12,000,000 IN FLOKI TOKENS TO SUPPORT THE FLOKI ECOSYSTEM<br><br>As a testament to its unwavering support for the <a href="https://twitter.com/hashtag/Floki?src=hash&amp;ref_src=twsrc%5Etfw">#Floki</a> Ecosystem, DWF Labs will purchase $12,000,000 in <a href="https://twitter.com/search?q=%24FLOKI&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FLOKI</a> tokens. A portion of the tokens will be acquired from the market, and the rest will be… <a href="https://t.co/z2kHiUgAdc">pic.twitter.com/z2kHiUgAdc</a></p>— FLOKI (@RealFlokiInu) <a href="https://twitter.com/RealFlokiInu/status/1797901116245471522?ref_src=twsrc%5Etfw">June 4, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The partnership between Floki and DWF Labs commenced in May 2023 with an initial $5 million FLOKI token purchase by DWF Labs. Since then, DWF Labs has played a pivotal role in securing key exchange listings and partnerships, fostering positive sentiment surrounding the Floki ecosystem.</p> 
<h2 class="wp-block-heading" id="h-the-critical-role-of-investments">The Critical Role of Investments</h2> 
<p>In February, DWF Labs further solidified its commitment by pledging to invest <a href="https://www.dwf-labs.com/news/351-dwf-labs-to-purchase-10-000-000-in-floki-tokens-to-support-the-floki-ecosystem" target="_blank" rel="noreferrer noopener nofollow">$10 million</a> worth of FLOKI tokens in Floki’s sister project, TokenFi, over a two-year period. This investment is specifically dedicated to the development of a suite of artificial intelligence (AI) products, and it demonstrably contributed to a 50% price surge for FLOKI in the following week.</p> 
<p>Looking ahead, Floki is poised to introduce a series of new utility products in the coming months. These include the highly anticipated mainnet launch of the Valhalla metaverse game, along with the Floki trading bot and the .floki domain name service. </p> 
<p>DWF Labs’ substantial investment will provide crucial liquidity to support these ventures and ensure their successful launch.</p> 
<h2 class="wp-block-heading" id="h-tracking-floki-s-achievements">Tracking FLOKI’s Achievements </h2> 
<p>FLOKI’s success is not solely reflected in its recent price increase. The project has also achieved significant milestones in terms of Total Value Locked (TVL), a key metric for decentralized finance (DeFi) projects. Notably, FLOKI became the first meme coin to surpass $820 million in TVL earlier this year, marking a significant achievement for the project.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">FLOKI REACHES ECOSYSTEM TVL OF $820 MILLION — AN ALL TIME HIGH<a href="https://twitter.com/hashtag/Floki?src=hash&amp;ref_src=twsrc%5Etfw">#Floki</a> just hit a total value locked (TVL) all time high of $820 million across two of its key ecosystem products:<br><br>– Floki Staking: $700.24M+<br>– FlokiFi Locker: $120.13M+<br><br>This impressive TVL record, which is the… <a href="https://t.co/pbclsHZ0ed">pic.twitter.com/pbclsHZ0ed</a></p>— FLOKI (@RealFlokiInu) <a href="https://twitter.com/RealFlokiInu/status/1795439476451270703?ref_src=twsrc%5Etfw">May 28, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>This impressive performance can be attributed to several factors, including a substantial $15 billion token burn conducted last month. This on-chain burn significantly reduced the circulating supply of FLOKI, propelling the price to a monthly high of $0.0003119 on May 28th, 2024, which represents a noteworthy increase of 40.74%.</p> 
<p><strong>The Future is Promising!</strong></p> 
<p>With the backing of a prominent investor like DWF Labs, a roadmap filled with innovative product launches, and a proven track record of success, FLOKI appears well-positioned for continued growth. The future of the project remains promising, and its development is sure to be closely monitored within the cryptocurrency industry.</p>

DWF Labs Injects $12 Million in FLOKI Token for Metaverse Project; Price Soars 14%

Table of Contents

CoinPedia News

Other articles published on Jun 4, 2024

$3,000,000,000 in Ethereum Has Left Crypto Exchanges Since SEC Approved Listing of ETH ETFs, Says...

Dogeverse and Pepe Coin Investors are flocking to MoonBag’s Corner as it becomes the Top Meme Coi...

Crypto: Borpa, the trendy memecoin, is opening up to visionaries with the “public sale”!

Crypto Queen Ruja Ignatova: Alive or dead after the $4.5B heist?

Ethereum Price Analysis: Can Bulls Push Price to $5,000 on the RWA Narrative?

Analyst Recommends Five Altcoins for Potential Gains

Join our free newsletter for daily crypto updates!