In the midst of the turmoil that was occurring on the cryptocurrency market, popular meme currencies like as DOGE, SHIB, and FLOKI had an aggressive bullish flip during the intraday session. All of this transpires as a direct result of the most recent tweet that was sent by Elon Musk, who is the CEO of Twitter.
The image was accompanied by the phrase “the new CEO of Twitter is great,” and it was shared by one of the wealthiest men in the world, Elon Musk. The dog’s name is FLOKI. Following the publication of this tweet, the nature of meme currencies, such as DOGE, SHIB, and the most popular FLOKI, became very volatile.
In the meanwhile, the value of FLOKI, a cryptocurrency whose name was inspired by that of Musk’s dog, has increased by more than sixty percent in a couple of hours. After achieving a 200% surge in January, this quick rally once again drew the attention of traders.
At the time of this writing, the price of one FLOKI coin was, according to data provided by CoinMarketCap, $0.00000375. In addition to that, other meme tokens like as DOGE and SHIB followed in the footsteps of FLOKI. In a short period of time after the tweet, the price of DOGE pumped 6%, while the price of SHIB pumped 7%.
After some time had passed, Elon Musk said that the new Chief Executive Officer (CEO) of Tesla is “So much better than that other guy.” While this was going on, Musk was making an oblique attack on Parag Agrawal, who had previously served as CEO of Twitter but had departed the company on October 27, 2022.
The value of the FLOKI cryptocurrency has increased by more than 400% over the course of the previous three months, whilst the value of other famous meme currencies like DOGE and SHIB has not even reached 100% growth.
Compiled by Coinbold