Elon Musk shook the crypto market by posting a picture of his Shiba Inu canine, Floki sporting clothes of a CEO. This induced the value of FLOKI token to climb shortly. Within hours of the publish, FLOKI surged by over 20%, climbing from $0.00006689 to a peak of $0.00008043, in line with TradingView.
FLOKI Tops Crypto Gainers Charts After Musk’s Tweet
Musk’s tweet, “Flóki is back on the job as X CEO,” shortly went viral, pushing FLOKI into the highest trending cash on CoinGecko. The transfer got here amid a pointy rise in market exercise.
Flōki is again on the job as 𝕏 CEO! pic.twitter.com/Zu29Dos24r
— Elon Musk (@elonmusk) October 20, 2025
Coinglass data recorded that FLOKI derivatives quantity elevated by 663% to achieve $283 million with open curiosity rising by 165% to achieve $37 million. This upsurge brings again renewed hypothesis of
Musk having an affect on the memecoins market amid his long-running collaboration with dog-themed tokens. Earlier this month, Floki debuted its first European ETP, marking a milestone for meme coin legitimacy.
The memecoin’s official X account shortly reacted, celebrating the tweet by declaring FLOKI the “#1 trending coin” on CoinGecko. The group referred to as it “The people’s crypto,” referencing each Musk’s pet and the challenge’s branding as “Elon’s dog.” The listing of FLOKI on Robinhood and different exchanges, additional underline its increasing attain throughout mainstream buying and selling platforms.
Market knowledge from Coingecko confirmed FLOKI rating as the highest trending cryptocurrency shortly after Musk’s tweet. Other smaller gainers embody Ergo and Bio Protocol.
$FLOKI is the #1 trending coin on @coingecko proper after Elon Musk posted “Floki is back on the job as X CEO.” 🐕🔥
✅ The individuals’s crypto.
✅ Elon’s canine.
✅ The #1 memecoin.— FLOKI (@FLOKI) October 20, 2025
Musk’s Post Coincides with Meme Market Rally
The market cap for memecoins additionally elevated by 5.8% to roughly $64.4 billion. This signifies that the presence of Musk on social media remains to be capable of stir this market.
In addition, the all-time efficiency FLOKI all-time efficiency is up by 148%, though it has fallen by greater than 50% prior to now 12 months. A current market analysis for FLOKI tasks that continued adoption and robust retail sentiment may set off an additional 160% rally in its worth.
Though the tweet could have been informal, it didn’t take lengthy earlier than traders thought of it a positive signal. This response was additionally a mirrored image of earlier occasions available in the market. The remarks or memes of Musk about Dogecoin and Floki Inu inflicting their costs to skyrocket.
The market response signifies as soon as once more that the social sentiment remains to be a major driver of meme token costs regardless of normal market exercise.
At press time, FLOKI worth had dropped barely to roughly $0.00007985 however nonetheless stored its double-digit good points within the final day. The longevity of the rally could rely on different optimistic social sentiments and favorable broader market actions.
