In the ever-heating wave of meme cryptocurrencies, Milady Meme Coin (LADYS) has sparked a new frenzy. The project recently announced a market-shaking piece of news: a substantial $5 million investment from DWF Labs, one of the leading investment funds in the blockchain sector.
📢 US$5M Investment from DWF Labs 🚀$LADYS has successfully secured a monumental US$5M investment from DWF Labs! This funding solidifies $LADYS as the beating heart of meme culture, ready to transcend new heights 🌟 pic.twitter.com/LpMGVTgc2e
— Milady (@miladymemecoin) June 3, 2024
This is not only an impressive figure but also a significant milestone for LADYS. According to the development team, this investment will serve as a solid foundation, propelling the project forward in the future. With this strong capital backing, LADYS can expand its influence, enhance product quality, and attract more potential investors.
The news about this deal was first revealed by Spot On Chain, a reputable chain analysis platform. On May 28, they identified a noteworthy transaction: DWF Labs transferred 5 million USDT to a wallet linked to LADYS. This move suggests that DWF Labs executed an OTC (Over-The-Counter) transaction worth 5 million USDT to acquire a large amount of LADYS tokens.
DWF Labs is a multinational organization with a presence in key financial hubs such as Singapore, Switzerland, the British Virgin Islands, UAE, South Korea, and Hong Kong. They are not only investors but also influential market makers in the cryptocurrency space.
DWF Labs has built a reputation for spotting and driving potential projects. Before LADYS, they generated excitement with $DODO and most recently with the memecoin $LADYS, following significant purchases. Their impressive list of partners includes prominent projects like FET, AMB, XAI, BitcoinCats, Theta (THETA), and Litentry (LIT).
The investment from DWF Labs provides not only financial support but also a validation of LADYS’s potential. In the volatile cryptocurrency market, trust from a reputable organization like DWF Labs can be the key to unlocking a promising future for this project.
Related: What Are Memecoins? Top 5 Most Promising Memecoins of 2024
Price Movements of Memecoin LADYS
Memecoin LADYS has surged 13% in the past 24 hours, with its market capitalization reaching $175 million. The trading volume hit $45 million, marking a 134% increase in the last 24 hours.
Source: CoinMarketCap
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