Elon Musk, the CEO of Tesla and one of the wealthiest people on the planet, recently caused a spike in the price of the meme-inspired cryptocurrency FLOKI after he uploaded a photo of his dog dressed as the new Chief Executive Officer of Twitter. Other memecoins, such as DOGE, SHIB, and BABYDOGE, also saw a modest increase in value. Musk had previously vowed to appoint a new CEO of Twitter and the crypto community was quick to suggest his pet as a suitable candidate. The Shiba Inu breed is named Floki, and the token bearing its name saw a 41% increase in value compared to the day before. This isn’t the first time Musk has caused a surge in memecoins. In 2021, he dressed his dog in a Santa Claus outfit, prompting the introduction of a new coin called Santa Floki (ticker: HOHOHO). It surged by nearly 19,000% in the next 48 hours before plunging shortly after. Musk’s actions have demonstrated that he is well aware of the power of memecoins and their potential to increase in value.
Elon Musk’s Dog Takes Over Twitter – FLOKI Spikes 41%!
