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Meme-Coin Floki Surges Over 3500% in an Hour After Elon Musk’s Tweet

Meme-Coin Floki Surges Over 3500% in an Hour After Elon Musk’s Tweet

The meme-coin market is booming today as Elon Musk apparently announced on Twitter that he is in talks with the creator of dogecoin, the meme-based cryptocurrency that is the second-largest coin in the space (after bitcoin). The post, however, was deleted after a few minutes, but not before the price of dogecoin and some of the other top memes-based coins (such as imemocoin, which is actually named after a meme of a cat who thinks it’s a person) rose dramatically. There’s no word on whether any of these coins will actually be listed on the Boring Company’s exchange.

Meme-Coin Floki isn’t the first cryptocurrency to see a surge on Twitter. In fact, the ratio of Twitter mentions to market price (Mt. Floki) has been rising for the past few days. The latest one is due to Elon Musk’s Twitter announcement, since Meme-Coin Floki, which is a cryptocurrency closely associated with Musk, saw a significant surge in volume and price on Dec. 11, 2018, shortly after Musk’s tweet.

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Meme-Coin Floki Surges Over 3500% in an Hour After Elon Musk’s Tweet News about altcoins

  • Elon Musk reappears, igniting a new meme-coin.
  • He claims that his Shiba Inu’s name is “Floki.”
  • Within hours, the value of Floki had risen by 3500 percent.

Elon Musk has fueled a new meme-coin known as “Floki,” which has been trending since Musk’s post. 

This weekend, the dogecoin fanatic tweets another meme-currency from his account. “Floki” is the name of his pet Shiba Inu, according to the tweet.

As it happened after the coin’s debut, the value of Floki skyrockets to 3500 percent within hours of the tweet. Within hours after his tweet, several investors raced to buy the meme-coin. As a consequence, the price of the coin soars, boosting its market capitalization.

The currency presently has a huge supply, according to Uniswap, and the number of coins in circulation is in the trillions. Floki isn’t on any other significant cryptocurrency exchanges, however.

Floki’s Background

Elon Musk’s tweet helped to popularize Floki, a previously unknown currency. Only a tiny percentage of bitcoin users are aware of Floki Inu, a speculative cryptocurrency.

See Also

It is one among the cryptocurrencies that is gaining popularity among users, and its value has increased by 3500 percent in the hours after Musk’s post. On the Uniswap trading platform, investors may buy Floki coins.

Furthermore, customers cannot purchase Floki using USD or AUD on the trading site. They may buy Floki using intermediate coins. However, after Musk’s post, the amount of fraudulent Floki coins has increased, so investors should do their homework and buy in the real thing.

According to Coingecko, Floki Inu is now trading at $0.00000625 with a trading volume of $8,884,142.

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Related Tags

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  • elon musk crypto
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  • elon musk bitcoin investment
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