- Market maker DWF Labs will acquire FLOKI tokens for $10 million.
- On the back of this news, the price of the asset rose by about 35% in 24 hours.
Market maker DWF Labs will purchase $10 million worth of FLOKI tokens to support the project’s ecosystem.
DWF LABS TO PURCHASE $10,000,000 IN FLOKI TOKENS TO SUPPORT THE FLOKI ECOSYSTEM
DWF Labs will purchase $10,000,000 in $FLOKI tokens as part of their commitment towards supporting the #Floki Ecosystem.
FULL ANNOUNCEMENT: https://t.co/ZNTsiyqZzp pic.twitter.com/gBdx6w6ygO
- FLOKI (@RealFlokiInu) February 27, 2024
“The purchase, which will be made from Floki’s treasury, is for two years and will help the asset achieve aggressive dominance – both in terms of utility and marketing – during what is likely to be the most explosive period in the cryptocurrency sector ever,” the statement said.
The project team also added that the token purchase will strengthen the relationship between Floki and DWF Labs.
Note, on the background of this news token FLOKI rose by about 35% in the last 24 hours:
As a reminder, Floki DAO entered into a strategic partnership with market maker DWF Labs in May 2023.
