With its new avatar of “Twitter CEO“, the Floki Inu coin has now joined Dogecoin (DOGE) in the list of memecoins that Elon Musk is interested in. Perceived as a rival to Shiba Inu (SHIB), this multi-chain token on Ethereum (ETH) and Binance Smart Chain (BSC), is currently ranked in the top 100 based on its market value.
Given the huge validation that DOGE has received thanks to Elon Musk’s open support, FLOKI is set for a huge rise in the coming months if it continues to mention memecoin.
While this is just a meme about Floki being the new Twitter CEO, it could be a subtle signal from Musk that he is indeed serious about finding his replacement. He explained that Twitter could possibly have a new CEO by the end of 2023.
Floki listed on Binance
Against this backdrop, the Floki community hopes that Binance will soon list the memecoin, which has a total market capitalization of $496 million. Not to mention Binance’s close association with Elon Musk, after the crypto-currency exchange bought some of Twitter’s equity when the Tesla CEO took over. It is widely known that Binance CZ and Musk have a good relationship. In fact, since Musk’s tweet about Floki, it was among the most sought-after coins on Binance. This leads to calls for Floki to be listed on Binance. Immediately after the debate about Floki’s new CEO on Twitter, the leading crypto-currency exchange KuCoin announced its listing.
Top 10 Trending Cryptocurrencies on Binance⚡️
Here is the list of Crypto coins being Searched, Traded and in Trend on @binance for the past 24 Hours✨@SingularityNET @Fetch_ai$SSV $DOGE $AGIX $FET $BTC $VRA $GRT $GFT $SHIB $FLOKI#Crypto #Binance #BNB #Bitcoin #SHIBA #DOGE pic.twitter.com/bvOMooe1ws
Charged Ventures (@ChargedVentures) February 15, 2023
With all this positive momentum, the price of memecoin has more than doubled in less than a day. At the time of writing, the price of Floki stands at $0.00005349, up 42.45% in the past 24 hours. With all the attention on memecoins, despite some spillover effects, SHIB and DOGE have come back on their own terms in terms of price, moving away from Floki news.