DWF Labs Receives 10M $NIKO Tokens ($495K) for Market Making, Will It Drive Growth?

DWF Labs (@DWFLabs) has recently been entrusted with 10 million $NIKO tokens, valued at approximately $495,000, or 1% of the total supply, to support market-making efforts.

DWF Labs (@DWFLabs), a well-known market maker in the crypto space, has recently received 10 million $NIKO tokens (approximately $495,000 or 1% of the total supply) to support their market-making efforts. This development has sparked curiosity within the crypto community, especially given DWF Labs’ involvement in propelling the growth of several cryptocurrencies.

This isn’t DWF Labs’ first rodeo in the realm of market making. As reported by Lookonchain, the wallet previously handled a substantial 111.94 billion $X tokens, valued at the time at approximately $35.6 million, for similar purposes. Now, many are speculating whether DWF Labs’ involvement might drive $NIKO’s growth.

DWF Labs(@DWFLabs) just received 10M $NIKO($495K, 1% of the total supply) for market making.

Previously, this wallet received 111.94B $X($35.6M) for market making.

https://t.co/dC7F80BXT2 pic.twitter.com/GwTUzgbhbh

— Lookonchain (@lookonchain) November 13, 2024

To provide some context, $NIKO ranks among the top seven performing tokens in the TON Blockchain ecosystem, particularly standing out in the “AI Memes” category over the past week. Initially launched on Memepad at a price of $0, $NIKO has surged to a market cap of $129 million, marking an impressive 335% rise in just the past week.

We need a memecoin on #TON that gets listed on Binance due to trading buzz, community hype and engagement, growing from just a few hundred to millions in market cap, not because it’s a “big TG mini app” airdrop.

— damx.ton (@damxton) November 14, 2024

Adding to the excitement, Damxton recently tweeted on X, suggesting the TON ecosystem needs a memecoin that can organically reach Binance, fueled by trading buzz, community excitement, and a strong user base, rather than depending on airdrops from major Telegram mini-apps.

As $NIKO continues its upward trajectory, investors are curious about DWF Labs’ potential impact on the token’s growth. With such high engagement and a rapidly expanding market cap, $NIKO is becoming one of the more compelling tokens on TON, generating significant interest as a potential standout in the memecoin landscape.

Admin post:

❤️‍🔥🤖 $NIKO is within the Top 7 Performing Coin in the @ton_blockchain Ecosystem! 🚀

This milestone highlights the momentum behind @NikolAIToncoin, powered by an amazing community and groundbreaking AI innovations.

Let’s keep aiming higher! 👊🚀 pic.twitter.com/shlvnMtjEI

— NikolAI (@NikolAIToncoin) November 14, 2024

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any project.

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