DWF Labs, a leading digital asset market maker investment firm, announced that it has invested $5 million in the Floki (FLOKI) altcoin, inspired by Elon Musk's dog of the same name.
DWF Labs Purchases $5 Million Value of FLOKI Tokens
As part of the partnership, DWF Labs has purchased $5 million worth of FLOKI tokens from the Floki Treasury and will use their network and resources to help increase demand and use of FLOKI tokens across various platforms and environments.
According to the statement made by Floki developers on its official website, DWF Labs also expressed in its statement that they are very interested in purchasing more FLOKI tokens in the future due to their strong belief in the potential of Floki.
DWF Labs is a market maker and web3 investment firm operating in the cryptocurrency industry. He participated in Binance's $1.1 billion Industry Recovery Initiative (IRI), along with other investment firms.
DWF Labs has connections with exchanges, trading organizations, institutional investors and projects that can be beneficial to Floki since they first contacted them a few months ago.
*Not investment advice.