Floki Token Price Jumped 46% After Elon Musk’s Tweet

Floki Token Price Jumped 46% After Elon Musk’s Tweet

The price of the Floki token (FLOKI) rose by 46% after the head of Tesla and SpaceX, Elon Musk, who remains a supporter of the meme cryptocurrency Dogecoin, published photos of his Shiba Inu named Floki.

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

On February 15, the billionaire posted a photo of his pet on the social network and called him the new CEO of Twitter (the social network is blocked in Russia), noting that Floki is well versed in numbers.

“The new CEO of Twitter is amazing,” wrote the billionaire.

The price of the Floki cryptocurrency after the tweet skyrocketed from $0.00002259 to $0.0000331, according to CoinGecko. At the time of publication, the token is trading at $0.0000312, with a daily price increase of 39%. Altcoin trading volumes increased by 408% per day, to $75.5 million.

Other meme “dog” cryptocurrencies also reacted with small growth. Dogecoin has risen in price by 6% over the past day, Shiba Inu – by 4.5%.

Musk announced that he will name his Shiba Inu puppy Floki on June 25, 2021. Then the billionaire’s tweet caused a 9% increase in Shiba Inu cryptocurrency quotes. In December of the same year, after the publication of a photo of Floki by the billionaire, the value of the Santa Floki token rose by 4000%, but has since fallen to zero values.

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