In the latest news, DWF Labs has unveiled a $20 million fund aimed at supporting meme coin projects within the cryptocurrency market. This strategic move echoes past influences by notable figures such as Do Kwon and SBF.
During previous market cycles, individuals like Do Kwon, Zhu Su, and SBF made significant impacts by endorsing major altcoins. SBF, in particular, saw impressive gains due to his timely support for altcoins like NEAR and SOL.
The launch of this fund highlights the ongoing interest and investment in meme coins, a subset of the cryptocurrency landscape that has gained traction and attention over the years.
