DWF Labs Grants $500K to BARSIK Cat Welfare Meme Coin
The crypto community shows strong interest in cat and dog-themed coins, especially those supporting animal charities. Recently, Web3 investor DWF Labs invested in BARSIK, a cat welfare meme coin on Solana, generating positive reactions.
DWF Digs Deep for BARSIK
DWF Labs is known for investing in significant projects while also supporting meme coins. On November 19, DWF announced a $500,000 grant to BARSIK, confirmed by analytics service Lookonchain, with the transaction made in USDT.
DWF stated:
“We are proud to support $BARSIK, a meme that combines blockchain technology with a meaningful cause. This grant reflects our belief in driving innovation that impacts lives beyond the digital realm.”
DWF’s team, led by Andre Grachev, actively engages with meme coin culture, frequently discussing developments in this area.
Hasbulla’s Cat Feels the Love
BARSIK is inspired by Hasbulla's cat, linked to the social media figure known for his child-like demeanor due to dwarfism. The token has gained popularity among other Hasbulla-derived coins due to its focus on animal welfare.
Since its recent launch, BARSIK has approached a $250M market cap and has engaged the crypto community with content celebrating Hasbulla's deceased cat. The trend of memorializing pets aligns with other notable projects like Peanut the Squirrel and Fred the Raccoon.
BARSIK ranks among the top 250 crypto assets by market cap, indicating potential for sustained success while also aiming to benefit cat charities.
DWF Labs Doesn’t Just Care about Cats
DWF’s $500K grant to BARSIK enhances its standing within the crypto community and raises its profile further. DWF is already a prominent web3 investor, involved in numerous projects and protocols.
The firm supports industry growth through ecosystem grants, including a $10M fund managed by the TON Foundation and a $15M fund from the Algorand Foundation. Additionally, it contributes to the Bybit x DMCC x DWF Hackathon, providing resources for DeFi builders. While the BARSIK grant may not redefine DeFi, it could positively impact animal welfare, making it a valuable investment.