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.
This isn’t DWF Labs’ first foray into market making; previously, the wallet handled a substantial 111.94 billion $X tokens worth $35.6 million for similar purposes. Now, many are speculating whether DWF Labs’ involvement might drive $NIKO’s growth.
Currently, $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.
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.