{"id":14052,"date":"2024-06-04T13:57:58","date_gmt":"2024-06-04T10:57:58","guid":{"rendered":"https:\/\/forklog.com\/en\/floki-sees-modest-uptick-following-dwf-labs-investment-announcement\/"},"modified":"2024-06-04T13:57:58","modified_gmt":"2024-06-04T10:57:58","slug":"floki-sees-modest-uptick-following-dwf-labs-investment-announcement","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/floki-sees-modest-uptick-following-dwf-labs-investment-announcement\/","title":{"rendered":"Floki Sees Modest Uptick Following DWF Labs Investment Announcement"},"content":{"rendered":"<p>Market maker DWF Labs plans to acquire Floki (FLOKI) tokens worth $12 million. This was reported by <a href=\"https:\/\/www.coindesk.com\/business\/2024\/06\/04\/dwf-labs-to-purchase-12m-floki-from-project-treasury-open-market\/?utm_medium=social&#038;utm_campaign=coindesk_main&#038;utm_content=editorial&#038;utm_term=organic&#038;utm_source=twitter\">CoinDesk<\/a>, citing a developer of the meme token known as B.<\/p>\n<p>The investment is expected to provide additional liquidity for the project, which is preparing to launch a trading bot and a .floki domain name service. Later this year, Floki intends to introduce the Valhalla metaverse on its main network.<\/p>\n<p>The meme coin developers first announced a partnership with DWF Labs in May 2023, when the market maker acquired tokens worth $5 million.<\/p>\n<p>Earlier this year, DWF Labs committed to investing $10 million over two years in Floki\u2019s subsidiary project, TokenFi, for the development of a suite of AI products.<\/p>\n<p>According to B, the collaboration with the market maker facilitated the coin&#8217;s listing on key exchanges and the establishment of partnerships with industry participants.<\/p>\n<p>According to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/floki\">CoinGecko<\/a>, following the news, Floki&#8217;s price briefly rose by 8% before returning to previous levels. At the time of writing, the meme token is priced at $0.000266.<\/p>\n<p>The meme project Milady Meme Coin (LADYS) also <a href=\"https:\/\/cointelegraph.com\/press-releases\/milady-meme-coin-secures-5m-investment-from-dwf-labs\">announced<\/a> a $5 million investment from DWF Labs. In the last hour, the token&#8217;s price increased by 0.8% to $0.0000002322, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/milady-meme-coin\">CoinGecko<\/a>.<\/p>\n<p>Back in April, DWF Labs was suspected of offloading tokens from its portfolio projects worth at least $65 million.\u00a0<\/p>\n<p>In May, reports emerged that Binance allegedly <a href=\"https:\/\/forklog.com\/en\/news\/binance-allegedly-overlooked-market-manipulation-by-dwf-labs\">overlooked market manipulation<\/a> by DWF Labs, as detected by the exchange&#8217;s monitoring team.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market maker DWF Labs plans to acquire Floki (FLOKI) tokens worth $12 million. This was reported by CoinDesk, citing a developer of the meme token known as B. The investment is expected to provide additional liquidity for the project, which is preparing to launch a trading bot and a .floki domain name service. Later this [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":14051,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1328,52,1161],"class_list":["post-14052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-floki-inu","tag-investments","tag-memes"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14052","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=14052"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/14052\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/14051"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=14052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=14052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=14052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}