Giant market maker DWF Labs has invested in TokenFi (TOKEN), launched by popular meme coin Floki (FLOKI).
DWF Labs, which triggered the rise of many cryptocurrencies with its purchases in recent weeks, chose TOKEN this time. Reported by on-chain analysis platform Lookonchain to data by market maker November 1 taking action on the day $3.67 million worth 120 million TOKENS he bought.
DWF Labs used the Ethereum (ETH) and Binance Smart Chain (BSC) networks for these purchases. TOKEN price increased in a short time after this purchase. 50% rising $0.027 from level to $0.042 reached.
TOKEN, which has been the subject of curiosity and controversy since the first day it was launched by the FLOKI team, was recently delisted by the cryptocurrency exchange Bitget.
Bitget claimed that there was a liquidity problem on TOKEN and that the team was involved in serious price manipulations.
According to CoinGecko data, in the last 24 hours 60% up displaying TOKEN, at the time of writing at $0.035n is being traded. TOKEN has outperformed approximately 8x since its launch.