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DWF Labs has announced plans to purchase $12 million worth FLOKI tokens

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Source: Gadgets360

DWF Labs intends to acquire $12 million worth of FLOKI tokens from both the open market and the Floki treasury in order to bolster the project’s expanding ecosystem. This is in continuation of a prior pledge of $10 million in February, which resulted in a 50% increase in prices.

The investment seeks to support the expansion of Floki’s ecosystem, which encompasses the imminent launch of their primary metaverse game, Valhalla, a trading bot, and a domain name service.

The initiative has had favorable outcomes, as seen by the substantial increase in trading volumes of FLOKI, which may be attributed to DWF Labs’ contribution. The project has also achieved substantial success in Total Value Locked (TVL), which is a statistic used to measure the value of assets locked in decentralized finance (DeFi) initiatives.

Earlier this year, FLOKI, a meme currency, reached a milestone by surpassing $820 million in Total Value Locked (TVL). This success represents an all-time high for two important components of the FLOKI ecosystem: Floki Staking and FlokiFi Locker.

The rise in Floki reflects the community’s trust in DWF Labs and the Floki Inu team, as they want to expand their ecosystem, enhance usefulness, make investments, and establish collaborations.

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