🚨🚨🚨Breaking News: Web3 Investment Company DWF Labs Announced That It Will Acquire FLOKI Worth 10 Million Dollars
DWF Labs has made a commitment to purchase FLOKI for $10 million, doubling its investment in May 2023.
DWF Labs' investment is aimed at strengthening Floki's position ahead of a potential crypto bull run.
The planned investment, which is spread over two years, aims to strengthen the #Floki ecosystem. As a result, this will guarantee Floki's prominent position in anticipation of an unprecedented crypto bull run.
"We are pleased to announce our commitment to the Floki ecosystem! I am looking forward to strategically positioning Floki to succeed in this increasingly competitive environment," he said.
Since the first partnership, Floki's Sunday flexibility has been clearly visible. Especially since the beginning of the year, an increase of 29.42% was seen, with an increase of over 60% in February alone.
Originally known as Floki Inu, Floki has been rebranded to focus on structuring for the decentralized finance (DeFi) sector.
Similarly, Shiba Inu is going through a rebranding process to emphasize utility instead of memes. However, such transformations have become the subject of scrutiny. For example, Coffeezilla, one of the leading crypto researchers, criticized these changes. He warns investors about the risks associated with meme coins that are looking for more important roles in the cryptocurrency space.
Moreover, Floki has faced regulatory challenges, especially from the Hong Kong Securities and Futures Commission (SFC). The SFC has expressed concerns about Floki's high-yield betting programs, citing a lack of official authority. Despite these warnings, Floki has demonstrated a strong commitment to compliance. The team has taken measures to prevent Hong Kong users from participating in the programs and prevent participation from the region.
