Floki, a rival of Dogecoin (DOGE), is experiencing a surge in value as crypto investment company DWF Labs announces a significant new purchase of the meme-based cryptocurrency.
With 85,800 followers on the social media platform X, DWF Labs is praising Floki’s progress in the digital assets sector, highlighting the advancements in its ecosystem.
“We are delighted to continue our support for Floki. We look forward to backing their team in various exciting launches this year, including the launch of Valhalla’s mainnet, a metaverse game, and several utility projects. Congratulations to their team for their efforts in promoting widespread crypto adoption and establishing themselves as key players in the crypto industry.”
According to a recent blog post by Floki, DWF Labs has committed to buying $12 million worth of Floki tokens, demonstrating their ongoing support for the Floki Ecosystem. This new commitment follows DWF Labs’ previous pledge in February to purchase $10 million worth of FLOKI tokens.
Following the news of DWF Labs’ investment, Floki saw a more than 30% increase in value, reaching an all-time high of $0.00034. As of the time of writing, Floki has retraced slightly and is trading at $0.00030.
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Image: Midjourney
