DWF Labs launches a 20 million USD investment fund for #memecoin

On X, the founder has been talking about that memecoin, and this fund is not exactly new, or rather, it's not unfamiliar.

I think the memecoin project is closely related to #DWFLabs which is $FLOKI .

The most recent deal between the two parties was DWF Labs purchasing 12 million USD worth of $FLOKI tokens to support the developing ecosystem. After this announcement, the price increased but then fell by 70% along with the entire market.

Not only that, this MM also invested 10 million USD in TokenFi which started in 2023 as a sister project to Floki.

GraFun, a memecoin launchpad, has received support from many major entities in the ecosystem, including Floki, BNB Chain, DeXe Protocol, HOT Protocol, and a strategic partnership with DWF Labs.