Floki Sees $12M Investment From DWF Labs: 'Price Discovery Again Soon,' Forecasts Trader
Portfolio Pulse from Khyathi Dalal
DWF Labs has announced a $12 million investment in Floki (CRYPTO: FLOKI), leading to increased buying pressure and a potential for price discovery. The investment comes as Floki prepares to launch its mainnet version of the Valhalla metaverse game and other utility products. Despite a recent 5.2% drop, FLOKI is up 40% month-over-month.
June 04, 2024 | 12:51 pm
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DWF Labs' $12 million investment in Floki is expected to drive buying pressure and potential price discovery. The investment coincides with the upcoming launch of Floki's mainnet version of the Valhalla metaverse game and other utility products.
The substantial investment by DWF Labs is likely to increase buying pressure on FLOKI, especially as the ecosystem prepares for significant product launches. This could lead to a positive short-term price movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100