Elon Musk sends Floki Inu (FLOKI) up 30% after tweet

Tesla Inc. TSLA CEO Elon Musk sent another Dogecoin-inspired DOGE/USD same corner rally with a tweet Monday.

What happened: Musk job a photo of him and his son X with matching haircuts.

DogeDesigner, developer of Dogecoin, commented on the post, asking the Tesla CEO to share a photo of X and his Shiba Inu puppy.

Musk agreed, posting a video of X and three of his dogs, including the Shiba Inu named Floki.


Cryptocurrency Floki Inu FLOKI/USD jumped 32% in the past 24 hours after Musk first promised to upload a photo of Floki. However, Musk’s tweet did not have a significant impact on the price of DOGE, with the meme coin trading down 1.2% over the same period.

It should be noted that the FLOKI token was first created after Musk said he planned to name his dog “Floki” in a tweet last year. Shortly after this tweet, Floki was created using the Ethereum ETH/USD token standard and rallied by 3,500%.

Price action: According to data from Benzinga Pro, FLOKI was trading at $0.0001694, gaining 32% against Bitcoin BTC/USD and 36% against Ethereum over 24 hours.

Read next: Bitcoin, Ethereum, Dogecoin lose Mojo in late July: Crypto could see ‘one last step’ before things ‘get risky again’, analyst says

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