Elon Musk posted a series of images of his dog, Floki, posing as the new CEO of Twitter with a fun caption, garnering viral status.

  • Elon Musk asked the public if he should resign as CEO in the latter part of last year.
  • The Dogefather should give up, according to 57% of Twitter voters.
  • Musk announced the new Twitter CEO as the FLOKI, DOGE, and SHIB mascots.

Shiba Inu (SHIB), Dogecoin (DOGE), Floki (FLOKI), and Baby Doge Coin (BABYDOGE) have all seen large increases since Elon Musk’s trending tweet. It’s a good day for dog-themed memecoins in the cryptocurrency world. This time, the Chief Twit declared a Shiba Inu dog, the emblem of all the aforementioned memecurrencies, to be the new leader of Twitter.

The new Twitter CEO is well qualified, according to Musk, because “he’s fantastic with numbers.” Unexpectedly, the contract signing papers in the image also contain the word “FLOKI” inscribed on them, suggesting that Floki may have sponsored this tweet. By global market capitalization, this new canine coin comes in just outside the TOP 100.

Is Elon Musk a DOGE cheater?

In fact, Elon Musk’s devotion to Dogecoin may be waning as the most popular memecoin may not be the only one he is endorsing, according to a recent tweet. Due to the mention, the Ethereum-based Floki received a larger portion of the pie, posting profits of 61.1% since the tweet. According to CoinGecko, the #126-ranked canine cryptocurrency is currently trading at $0.00003700.

The most popular canine-themed coins, Dogecoin and Shiba Inu, on the other hand, each experienced daily increase of less than 5%. At the time of publication, DOGE is trading at $0.086282 and has gained 3.9% over the previous 24 hours. SHIB, on the other hand, recorded gains of 4.7% and is presently trading at $0.00001319, according to CoinGecko.

Moreover, a developing rival to both Dogecoin and Shiba Inu just received a listing on a significant cryptocurrency platform. Following the revelation, the Seychelles-based cryptocurrency platform declared that Floki would be added to spot trading pairs on February 17, 2023.

On the other hand

  • Include Crypto Elon Musk’s comments, according to Twitter, don’t have the same effect on cryptocurrency values as they formerly did. This hypothesis suggests that Musk may have purposefully selected the lesser-known canine coin with a far lower market valuation.

Why It’s Important

Due to their widespread appeal, memecoins are renowned for starting bull runs for alternative cryptocurrencies and are therefore quite easy to get social mentions for.

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