Elon Musk posts his pet dog Floki on X; memecoin pumps 29%
The Floki memecoin jumped almost 29% after Elon Musk posted a video of his Shiba Inu dog working as “CEO” of the social media platform X.
American entrepreneur Elon Musk triggered a short-term rally in the memecoin market after posting a playful message on his social media platform X.
On Monday, Musk shared a post saying that Floki, his pet Shiba Inu dog, was “back on the job” as the CEO of X. The post was accompanied by an AI-generated video of his dog sitting at a desk, donning a tie and glasses, saying “Numbers, numbers, numbers, numbers? Is this working? Yay.”
CoinGecko data showed that on Monday, the Floki (FLOKI) memecoin’s price bounced from a low of $0.00006572 to a high of $0.00008469 after Musk’s post, a 28.8% increase. At the time of writing, the asset had corrected to $0.00007998.
