Value

FLOKI

DWF Labs intends to acquire $12 million worth of <a href="https://optimisus.com/news/crypto-news/doge-shib-pepe-floki-and-bonk-see-over-50m-in-short-positions-liquidated-in-the-past-24-hours/" rel="noopener noreferrer nofollow">FLOKI tokens</a> from both the open market and the Floki treasury in order to bolster the project's expanding ecosystem. This is in continuation of a prior pledge of $10 million in February, which resulted in a 50% increase in prices.  
The investment seeks to support the expansion of Floki's ecosystem, which encompasses the imminent launch of their primary metaverse game, Valhalla, a trading bot, and a domain name service.  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 https://twitter.com/RealFlokiInu/status/1797901116245471522
 </div>
</figure>  
The initiative has had favorable outcomes, as seen by the substantial increase in trading volumes of FLOKI, which may be attributed to DWF Labs' contribution. The project has also achieved substantial success in Total Value Locked (TVL), which is a statistic used to measure the value of assets locked in decentralized finance (DeFi) initiatives.  
Earlier this year, FLOKI, a meme currency, reached a milestone by surpassing $820 million in Total Value Locked (TVL). This success represents an all-time high for two important components of the FLOKI ecosystem: Floki Staking and FlokiFi Locker.  
The rise in Floki reflects the community's trust in DWF Labs and the Floki Inu team, as they want to expand their ecosystem, enhance usefulness, make investments, and establish collaborations.

DWF Labs has announced plans to purchase $12 million worth FLOKI tokens

Optimisus

Other articles published on Jun 4, 2024

Thailand Approves First Bitcoin ETF

US Banks Face $517 Billion in Unrealized Losses

Retik Finance Price Crash, BlockDAG Emerges as the New Cardano Competitor with Moon Keynote Launc...

3 Best Altcoins To Buy Now

MoonBag Presale Dominates the Cryptomarket, reigning over Dogeverse and Immutable X

Brett Price Prediction: BRETT Is The Top Meme Coin Gainer With a 27% Pump And This DOGE P2E ICO M...

Join our free newsletter for daily crypto updates!