Web3 Investment Firm DWF Labs to Purchase $12 Million in Floki Tokens to Support Ecosystem

Jun 4, 2024, 08:31 AM

Crypto trading and Web3 investment firm DWF Labs will purchase $12 million worth of Floki (FLOKI) tokens from the open market and the Floki treasury. This acquisition aims to support the expanding ecosystem of the meme coin-turned-utility project. The purchase follows DWF Labs' previous commitment in February to buy $10 million worth of FLOKI tokens, which contributed to a 50% price increase at the time.