DWF Labs, one of the most active investment firms in the cryptocurrency sector, has reached an agreement with the popular memecoin project Neiro (NEIRO).

According to a statement released by Neiro today, DWF Labs has joined the Neiro community. The two will collaborate to make Neiro “one of the most successful memecoin projects in the crypto space.”

DWF Labs said in a statement on the subject, “We look forward to a successful partnership.” In addition to serving as a market maker in the cryptocurrency sector, DWF Labs invests in various Web3 projects. According to the information on its website, the company’s portfolio includes more than 700 projects.

The DWF Labs announcement had a positive impact on the NEIRO market. According to TradingView data, the price rose from $0.0011 to $0.00122.

He made millions of dollars for whales

Neiro has become one of the most popular projects in recent days. The world's largest cryptocurrency exchange, Binance, announced last week that it would launch Tether (USDT) margined futures for NEIRO with a maximum leverage of up to 75x.

NEIRO, an Ethereum-based token, gained significant momentum after Binance announced its spot listing. Following this announcement, NEIRO’s market cap jumped from $15 million to over $100 million.