Not Just Dogecoin: Elon Musk Pumps Floki Meme Coin Price With AI Shiba Inu Video

Elon Musk recently shared an AI-generated video of his Shiba Inu dog Floki on X, jokingly announcing Floki as the CEO of X. This playful post spurred a nearly 27% surge in the price of the Ethereum meme coin Floki, which reached a market cap of approximately $829 million. Musk's influence on cryptocurrency prices is well-documented, especially with previous interactions involving Floki and Dogecoin. Earlier in 2023, similar posts from Musk had resulted in a dramatic 146% increase in Floki's market value. Traders are now speculating that Musk will continue to tweet about Floki, potentially leading to further price boosts. While some observers suggest Musk's influence might be waning, the current excitement indicates that both Floki and his historic affinity for meme coins like Dogecoin remain strong in the crypto community. As Musk continues to engage with his audience on social media, his past history reveals a tendency to create viral moments that significantly impact cryptocurrency prices.

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