- DWF Labs, one of the largest market makers in the sector, has purchased Foki Inu token worth $1.25 million.
- The company expressed its commitment to supporting the Floki Ecosystem.
DWF Labs, one of the largest market makers in the sector, has purchased Foki Inu token worth $1.25 million. The company expressed its commitment to supporting the Floki Ecosystem, stating that there is great anticipation for the most explosive bull run the cryptocurrency has ever experienced.
Statement from Floki
The company emphasized the moves made by DWF Labs and did not overlook the pioneering investment made in the past. The statement made by the company is as follows:
The OTC token purchase completed at the beginning of November demonstrates DWF Lab’s strong belief in Floki as a leading Web3 project and puts us in a better position to achieve our vision of becoming one of the dominant crypto projects.
In May 2023, Floki announced a partnership with DWF Labs, where they purchased FLOKI tokens worth $5 million. Since then, they have made significant contributions by facilitating major exchange listings, increasing the adoption of Floki, facilitating entry into important industry projects, and supporting our progress and achievements publicly.
Our relationship with DWF Labs has been tremendous and mutually beneficial, which is why we have chosen them as our exclusive market maker (MM) for our new project, TokenFi. TokenFi, abbreviated as “TOKEN,” is a sister project aiming to disrupt the projected $16 trillion tokenization and RWA industry of Floki.
DWF Labs will work with us to accelerate the adoption of Floki and TokenFi as we enter the bull run.
Additionally, they will provide the resources we need to aggressively realize our vision of making Floki the most well-known and widely used cryptocurrency and making TokenFi the best token platform in the projected $16 trillion tokenization industry.
Floki Comments and Price
Following the news that emerged a few minutes ago, it turned out that DWF Labs made a significant move. After the $1.25 million purchase, a strong price movement occurred.
As a result of the price movement, the altcoin’s price increased by 23.7% within minutes and reached $0.00004649. This type of price movement on a day when altcoins were experiencing a decline can be considered a positive development for the investors of the altcoin.