The Viking dog-embossed Floki Token (FLOKI) immediately surged 21% after Elon Musk posted a Grok-made picture of his Shiba Inu dog taking over as the new Twitter CEO. Floki is the actual of Elon Musk’s Shiba Inu dog, so the hint was loud and clear: “Flōki is back on the job as 𝕏 CEO!”, – declared SpaceX, Tesla & X boss.
Floki Token’s (FLOKI) community barked up the same tree in the comments, with Satoshi Club pointing out the bullish wave on Floki’s price. As of press time, Floki’s price is nearing $0.00009, still some distance away from the 30-day peak. To drop a zero, this dog-themed meme coin may rely on this social hype, as it’s currently #1 trending on CoinGecko’s price aggregator.
Floki Back In Futures Limelight With 786% Uptick
However, Floki’s trading renaissance is more abundant on Futures markets, rather than Spot. The leveraged markets have bursted out in trading volume this Monday, whipping up 786% gains in this metric. At $331.13 million in trading volume, Floki’s short-sells have been annihilated, accounting for $366.54K out of the $494.23K liquidations over the past 24 hours.
With more zeros to destroy, Floki’s next plausible price target is the monthly high of $0.000113. Meanwhile, Elon Musk’s stunt on X poised as a catalyst for rebound rallies for Shiba Inu (SHIB) & Dogecoin (DOGE). Both top dog cryptos restored their previously-lost support levels, despite picking up significantly smaller gains today than Floki Token (FLOKI).
Delve into Ciphera’s popular crypto news:
$100M USDT Rescue: HTX Steps Up Amid $19B Market Blow
Walmart’s RLUSD Link-Up Eyes $3 Breakout For XRP’s Price
People Also Ask:
Elon Musk posted an AI video on X showing his dog Floki as X CEO, reviving a 2023 joke. This triggered massive trader buzz, spiking FLOKI’s 24-hour volume to over $130 million.
Price climbed 21% to around $0.00008457 in hours, but it lags the volume hype. Market cap sits at $800 million, ranking it outside the top 100 coins.
Musk’s “effect” drives quick trades and FOMO, but without fresh utility, gains fade fast. FLOKI trades below key moving averages, hinting sellers may cap the rally.
Possible if hype holds—analysts eye $0.0001 on sustained volume. Past Musk nods (like 2021’s 20,000% surge) show potential, but watch for pullbacks.
Track Musk’s X for more memes and FLOKI’s Valhalla game updates. Volatility reigns—diversify, as meme surges often cool quick.
