The Milady memecoin project has secured a significant $5 million investment from DWF Labs, a renowned market maker in the crypto industry, to power its expansion and boost its reach in the sector.
In a social media post on Monday, June 3, 2024, the project team claimed the funding solidifies its presence in the memecoin sector and will fuel its potential expansion.
DWF Labs is a next-generation web market maker and investor and one of the largest high-frequency crypto trading firms globally. The firm trades in both spot and derivatives markets on more than 60 leading crypto exchanges.
The DWF Labs has expressed optimism about the investment and the partnership with the project. They noted their anticipation of the project’s success.
“We are proud to announce our investment in @miladymemecoin. We are excited to support their team to unlock more opportunities for development, collaboration, and community engagement. Looking forward to the success of $LADYS in the meme coin landscape,”
the team wrote in a recent social media post.
We are proud to announce our investment in @miladymemecoin 🤝
We are excited to support their team to unlock more opportunities for development, collaboration, and community engagement.
Looking forward to the success of $LADYS in the meme coin landscape 🔥 https://t.co/jA3RHhs1o5
— DWF Labs (@DWFLabs) June 3, 2024
Following the public announcement, Milady’s native token, $LADYS, surged to $0.0000002593, marking a 22.14% increase from its previous day’s price, according to CoinMarketCap data.
Currently, the token is trading at $0.0000002540, reflecting a 14.88% increase from its 24-hour trading price.
The investment from DWF Labs into Milady Memecoin reflects the growing interest and potential in the memecoin sector, which has seen notable growth this year. As of March 2024, the memecoin market had a market cap of $60.93 billion, contributing approximately 2.32% of the overall crypto market capitalization.
Pepe Memecoin, in particular, has seen substantial interest from investors. On May 6, 2024, a crypto whale purchased 142.96 billion PEPE coins worth $1.26 million, causing the coin’s price to surge.
According to CoinMarketCap, $PEPE currently has a market cap of $6.45 billion and is trading at $0.00001531, a 2.28% increase from the previous day’s price.
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