Elon Musk Tweet Pumps Dogecoin, Floki Inu, Shiba Inu Prices

Twitter and Tesla CEO Elon Musk on Wednesday tweeted an image of his canine “Floki” with the caption “new CEO of Twitter is amazing.”

Elon Musk’s meme declaring “Floki” as the brand new CEO of Twitter sends meme coin costs together with Dogecoin, Floki Inu, and Shiba Inu to rally larger. He additionally mentioned “Floki” is even a lot better than that different man, nice with numbers, and has fashion.

Several crypto influencers reacted to Elon Musk’s tweet together with Dogecoin creator Shibetoshi Nakamoto, Matt Wallace, Shiba Inu lead developer Shytoshi Kusama, David Gokhshtein, and others.

The new CEO of Twitter is superb pic.twitter.com/yBqWFUDIQH

— Elon Musk (@elonmusk) February 15, 2023

Floki Inu (FLOKI) value skyrocketed over 45% after Elon Musk Tweet, with the present value buying and selling at $0.00002974. The FLOKI value jumped from a low of $0.00002092 to a excessive of $0.00003278 in the previous few hours. The buying and selling quantity on FLOKI pumps almost 250% within the final 24 hours.

Meanwhile, Elon Musk’s favourite meme coin Dogecoin (DOGE) value soared over 5% in simply an hour. The DOGE price is at the moment buying and selling at $0.08599. The 24-hour high and low are $0.08127 and $0.087, respectively.

Other meme cash comparable to Shiba Inu (SHIB) and BONE costs additionally rallied by 4% and eight%, respectively. Shiba Inu’s lead developer Shytoshi Kusama on Tuesday revealed that the Layer-2 blockchain Shibarium is prepared and will probably be launched quickly. Also, he has confirmed that Shibarium is coming before May this 12 months.

Also Read: Bitcoin Price Likely To Hit $25K After US CPI Data, Here’s Why

This isn’t the primary time Elon Musk has influenced crypto costs, particularly Dogecoin and Bitcoin. Musk has supported Dogecoin, with hypothesis of integrating the meme coin into Twitter funds.

Recently, Dogecoin value jumped over 5% after Elon Musk casually replied to a tweet that he was discussing Dogecoin with Fox News chief Rupert Murdoch whereas sitting with him throughout the Super Bowl LVII on Sunday.

Varinder is a Technical Writer and Editor, Technology Enthusiast, and Analytical Thinker. Fascinated by Disruptive Technologies, he has shared his data about Blockchain, Cryptocurrencies, Artificial Intelligence, and the Internet of Things. He has been related to the blockchain and cryptocurrency trade for a considerable interval and is at the moment protecting all the most recent updates and developments within the crypto trade.

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