Meme coin $FLOKI (FLOKI) surged nearly 30% after Elon Musk mentioned his Shiba Inu named Floki 🐶🚀. The rise began shortly after the Tesla and SpaceX owner reminded that his dog 'fulfills the duties' of CEO of the social network X.
#Floki — one of the largest meme coins, launched in 2021 and named after Musk's dog. By market capitalization (~$792 million), it ranks 9th among meme tokens and 83rd overall in the CoinMarketCap ranking. The token serves as a governance asset in the Floki ecosystem: a gaming metaverse, NFT marketplace, FlokiFi DeFi project, educational platform, and other services 🧩.
On October 20, in response to a user's question about whether X has a CEO, #Маск noted that the CEO is Floki. Later, he posted an AI-generated video with a dog at a desk: "Floki is back to work as CEO of X" 🎥💼.
In the second post, Musk wrote Flōki with the symbol ō — probably to avoid activating bots that track mentions of "Floki". But this did not hinder activity: the hourly trading volume increased from ~$74 million to ~$240 million 📈.
The price of FLOKI has risen from $0.000069 to $0.000089. In one day, the token gained about 490% and became the leader in growth among top cryptocurrencies, although it remains far from its ATH: it is currently about 76% lower than the June peak of 2024 — around $0.00034 🔺↘️.
