Global Market Maker to Invest in Three Mysterious Meme Coins

Global market maker and Web3 investment firm DWF Labs will invest in three mysterious meme coins.

DWF Labs Managing Partner Andrei Grachev said that they are preparing to invest in three projects in the meme coin market.

Grachev announced that they are in the “investment phase” for the first of these projects. Negotiations continue for the other two meme coins.

Two meme coin investments in two days

Founded in September 2022, DWF Labs focuses on three areas: liquid token investment, locked token investment and market maker agreement. According to Foresight's report, DWF Labs has invested in more than 470 projects by the end of 2023.

DWF Labs invested $5 million yesterday in Milady Meme Coin, the developer of the LADYS meme coin. LADYS has no direct connection to Charlotte Fang or Milady Maker. According to the information on its website, LADYS is a meme coin that “does not have any intrinsic value”.

DWF Labs added a meme coin to its portfolio today. According to FLOKI's statement, DWF Labs will purchase FLOKI for $12 million to support the Floki ecosystem. Part of this will be provided from the market, and part from the Floki treasury.

Floki plans to launch the mainnet of its metaverse game called Valhalla by the end of this year. In addition, several new features such as the Floki Trading Bot are expected to arrive.

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