FLOKI jumps 20% after Elon Musk brings back dog-as-CEO gag
Trader reactions to social media posts fuel volatility in meme tokens, highlighting the influence of celebrity endorsements on digital assets.
Key Takeaways
- Floki's price surged 20% after Elon Musk posted a clip of his dog as CEO of X.
- The price movement was driven by social media hype.
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Floki, a Shiba Inu-themed meme coin, surged over 20% today after Elon Musk posted a short video clip featuring his dog “Floki” dressed as the CEO of X, reviving a social media joke from 2023.
The token’s price jumped from $0.000069 to $0.000085 following Musk’s viral post, according to CoinGecko data, before settling around $0.00008.
The price movement highlights Musk’s continued ability to influence crypto asset prices through social media posts.
He has previously demonstrated his market-moving influence on meme coins like Dogecoin, Kekius Maximus, or CumRocket through tweets, profile updates, and public statements.
