DWF Labs to Purchase $12M FLOKI From Project Treasury, Open Market
Crypto trading firm DWF Labs plans to purchase $12 million worth of floki (FLOKI) tokens from the open market and the Floki treasury. This follows a previous commitment to buy $10 million worth of FLOKI tokens in February, which led to a 50% increase in FLOKI prices. DWF Labs has also facilitated key exchange listings and partnerships, boosting the Floki ecosystem. Floki plans to release the mainnet version of its Valhalla metaverse game and several other utility products, including a trading bot and a domain name service. DWF Labs' purchases will support these ventures and provide necessary liquidity. The trading firm first partnered with Floki in May 2023, purchasing $5 million worth of FLOKI tokens. DWF Labs also committed to investing $10 million in Floki's sister project, TokenFi, over two years to develop AI products. FLOKI prices have increased by 8% in the past 24 hours.
