Elon Musk tweeted that his Shiba Inu dog, Floki, is the “CEO of X,” triggering an immediate reaction in the crypto market. The FLOKI token surged 29.51% in the last 24 hours, according to CoinMarketCap, trading at $0.00008823.
The meme token’s market capitalization reached $835.63M, while 24-hour trading volume jumped to $432.24M (+661.85%), highlighting strong short-term interest. FLOKI temporarily became one of the top-performing crypto assets, surpassing many smaller meme tokens, although it remains below its previous all-time highs. The surge reflects both Musk’s continued influence in crypto communities and the resilience of meme-based projects even after recent market slumps.
Investors are now watching whether FLOKI can sustain momentum or if the rally is a short-term hype spike. The project continues promoting its Valhalla NFT game, while new copycat tokens have started appearing on smaller chains, echoing Floki’s renewed attention.
Source: https://x.com/elonmusk/status/1980207944584319219
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