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Elon Musk Sends Meme Coin Named After His Pet Up 30% With His Tweet

Published 02/08/2022, 02:58
Updated 02/08/2022, 03:40
© Reuters. Elon Musk Sends Meme Coin Named After His Pet Up 30% With His Tweet

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk sent another Dogecoin-inspired (CRYPTO: DOGE) meme coin rallying with a tweet on Monday.

What Happened: Musk posted a picture of himself and his son X with matching haircuts.

Dogecoin developer DogeDesigner commented on the post, asking the Tesla CEO to share a picture of X and his Shiba Inu puppy.

Musk obliged, posting a video of X and three of his dogs, including the Shiba Inu named Floki.

See Also: HOW TO BUY FLOKI INU (FLOKI)

The cryptocurrency Floki Inu (CRYPTO: FLOKI) surged 32% over the last 24 hours after Musk first promised to upload a Floki picture. Musk’s tweet did not have any significant impact on the price of DOGE, however, with the meme coin trading 1.2% lower over the same period.

It is worth noting that the FLOKI token was first created after Musk said he planned to name his dog “Floki” in a tweet last year. Shortly after that tweet, Floki was created using the Ethereum (CRYPTO: ETH) token standard and rallied by 3,500%.

Price Action: According to data from Benzinga Pro, FLOKI was trading at $0.0001694, gaining 32% against Bitcoin (CRYPTO: BTC) and 36% against Ethereum over 24 hours.

Read Next: Bitcoin, Ethereum, Dogecoin Lose Late-July Mojo: Crypto Could See 'One Last Leg Up' Before Things 'Get Dicey Again,' Says Analyst

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

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