Floki token jumped 46% after Elon Musk's tweet

Floki token jumped 46% after Elon Musk's tweet

Author: Robert Strickland

Floki token jumped 46% after Elon Musk's tweet
The value of the cryptocurrency soared after the billionaire published a photo of his dog named Floki and named the pet the new CEO of Twitter

The value of the token Floki (FLOKI) surged 46% after Tesla and SpaceX CEO Elon Musk, who remains a supporter of the meme cryptocurrency Dogecoin, published photos of his siba inu named Floki.

Floki is a management token in the ecosystem of the same name, which includes a gaming meta-universe, an NFT marketplace, the DeFi-project FlokiFi, and an educational crypto platform.

On Feb. 15, the billionaire posted a photo of his pet on the social network and named him the new CEO of Twitter, noting that Floki is good with numbers.

"The new Twitter CEO is amazing," the billionaire wrote.

Ilon Musk revealed the "new adorable Twitter CEO."

The price of the Floki cryptocurrency rose sharply from $0.00002259 to $0.0000331 after the tweet, according to CoinGecko. As of 12:50 time, the token is trading at $0.0000312, with a daily price increase of 39%. Altcoin trading volumes rose 408% to $75.5 million overnight.

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Other memes "dog" cryptocurrencies have also responded with small increases. Dogecoin gained 6% in the past 24 hours and Shiba Inu gained 4.5%.

Musk announced that he would name his puppy Floki, on June 25, 2021. Then the billionaire's tweet caused Shiba Inu cryptocurrency quotes to rise 9%. In December of that year, after the billionaire posted a photo of Floki, the value of the Santa Floki token rose 4,000%, but the value of that cryptocurrency has since fallen to zero.

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