Billionaire Elon Musk is one of the most influential men in the world, and his latest tweet’s immense impact on the crypto community is proof. The Tesla and SpaceX founder recently introduced his new pet Floki with a tweet and within no time, the value of Dogecoin and other little-known cryptocurrencies witnessed a massive surge.
Musk, who enjoys a massive audience on social media, recently shared an adorable napping click of his new Shiba Inu pet and captioned it, “Floki has arrived.” And within no time, the tweet was viral, sky-rocketing the prices of several cryptocurrencies with names like Musk’s furry-friend.
According to Coin Market Cap, Floki-themed currencies (Floki Inu, Super Floki, Floki Shiba and others) registered a record spike of nearly 958.09% within 24 hours of the tweet. Musk’s tweet even impacted the price of Dogecoin and Baby Doge Coin (inspired by the former) as they recorded a surge of 0.36% and 45.3% respectively.
Meanwhile, this aren’t the first time that Musk’s tweets have impacted the prices of the cryptocurrency. Earlier, in August, when he had shared the news of naming his new pet Floki, that tweet had also driven the prices of many cryptocurrencies to a new level.