• Elon Musk tweeted a photo of his pet dressed as the new CEO of Twitter.
• Following that, FLOKI, DOGE, SHIB and BABYDOGE all increased in price.
• FLOKI rose 41%, while DOGE and SHIB both climbed around 5%.
Elon Musk’s Dog Becomes New CEO of Twitter
Tesla and SpaceX CEO Elon Musk recently uploaded a picture on Twitter featuring his pet dressed as the new Chief Executive Officer (CEO) of Twitter. This prompted an increase in prices for cryptocurrencies such as FLOKI, DOGE, SHIB and BABYDOGE.
FLOKI Soars Over 40% After Joke
The popular meme-inspired cryptocurrency – FLOKI – surged by 41% after Elon Musk posted the image of his dog dressed as the new CEO of Twitter. With Shiba Inus being named Floki, it is no surprise that this token rose so significantly. Currently, it trades at $0.00002959 per coin.
Other Memecoins Also Increase
Other memecoins also experienced a rise in price following Elon Musk’s tweet. Dogecoin (DOGE) went up almost 6%, while Shiba Inu (SHIB) rose by 5%. The South African billionaire has previously been known to trigger a surge in these types of coins too.
Musk Vows to Appoint New CEO
In order for the upcoming leader to be appointed, they must be “foolish enough” according to Musk’s words on social media platform Twitter. His own pet was then nominated to fill the position – resulting in gains for many crypto tokens associated with him..
Conclusion
Overall, many meme-related cryptocurrencies experienced an increase in value due to one tweet from Elon Musk featuring his dog dressed as the new CEO of Twitter – particularly FLOKI which skyrocketed by 41%. Other tokens such as DOGE and SHIB also saw modest gains following this stunt from one of the world’s wealthiest people.