FLOKI doubles in value after Elon Musk tweet

FLOKIa token similar to the DOGE and the SHIBjumped more than 120% following a tweet from Elon Musk featuring his dog named… Floki.

Yesterday around 4am, following a tweet of the American billionaire, the price of FLOKIa numerical piece that gives pride of place to the shiba inu dog breedsuddenly rose to $0.000038 during the day on Wednesday. The price of the token continued to rise on Thursday, surpassing 0.000055$ at dawn.

Since the publication of Elon Musk’s tweet, which includes a photo of his dog – a shiba inu named Floki – behind a desk with the caption “Twitter’s new CEO is amazing”, FLOKI has won a total of more than 120%. Over the last 24 hours, the price of the same corner launched in the summer of 2021 is still up 45%.

floki price

FLOKI rate – source : Coinmarketcap

At the same time, CNBC reported that Musk planned to name his successor to the post of CEO of the social network by the end of the year.

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In the past, the new owner of Twitter has several times, voluntarily or involuntarily, caused turbulence on the crypto market with his tweets.

Elon Musk has notably fueled spikes in the price of Dogecoin, his favorite cryptocurrency. With a market capitalization 20x greater than FLOKI, DOGE has, this time, only increased by about 10% since then.

The same is true for Shiba Inu (SHIB), another token of the same ilk with a large capitalization. The fact that FLOKI has a small capitalization ($470 million) and the same name that the Musk’s dog seems to have worked in his favor.

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In January, the DAO from FLOKI voted for a proposal to burn a large amount of chips, the equivalent of about $100 million at the time.

Last year ads with the effigy of the same corner in the London Underground had been forbidden by the British regulators.

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