Elon Musk Posts His Puppy On Twitter And Spikes The Prices of Several 'Dog' Coins For More Than 900%

2021-09-14 19:10:24
Elon Musk And His Fondness of Twitter

It seems like nowadays whatever Elon Musk tweets instantly shakes the entire crypto community. In the latest such instance, Elon Musk posted a picture on Twitter of what seems like his new Shiba Inu puppy. And that was enough for the prices of several digital coins to instantly spike. What is even more mind-boggling, is the fact that this post has nothing to do with crypto or blockchain.doge coin

Moreover, on the 13th of September, the CEO of Tesla revealed his new Shiba Inu puppy on Twitter with the caption ‘Floki has arrived’. And the world of crypto literally went bananas. Considering that Elon has nearly 60 million followers on Twitter, everything he posts is an immediate subject of scrutiny and double meaning. Especially since the CEO of Tesla SpaceX frequently posts and engages in Twitter conversations.

As a result, in the past 24 hours the price of the shiba floki (FLOKI) coin spiked an insane 969.5%. Operating as ‘community-owned’ meme currency, FLOKI is currently going for $0.000000006177. According to the website, the FLOKI token is a hyper deflator, with more than quadrillion FLOKI coin tokens currently available. Consequently, these tokens are ‘scattered’ across 18.847 addresses.

Floki Inu Also On The Rise

Floki inu (FLOKI) is yet another coin that notices a big jump in prices as a result of the tweet. Specifically, it is 83.9% up in the past 24 hours. That is why this token is currently trading for $0.00003431 per unit. The website states that there are currently 10 trillion tokens currently on disposal.

While it is clear that both digital coins bear similar name, they are rather different. As a matter of fact, floki inu (FLOKI) is a ERC20 Ethereum token, while shiba floki (FLOKI) is a Binance Smart Chain (BSC). Additionally, the ERC20 FLOKI is currently at $343.100.000 market valuation. On the other hand, with exchange rates, Binance Smart Chain currently has a cap of nearly $6.1 million.

Whatever the case, one thing is a fact. Even when Elon Musk posts just an ordinary puppy on Twitter, the crypto community is losing its mind. That since Elon is a big crypto-supporter and an avid blockchain spokesperson. And considering that he has the financial prowess to individually dictate the price of any coin, it is definitely a smart thing to keep a close eye on everything he posts on social media.


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