Santa Floki Up By 4000% After Musk’s Tweet

All pupcoins under tech billionaire Elon Musk’s dog’s name, Floki, have been on the rise this month, especially during the closing week of 2021. Recently, this surge in value has prompted many a Floki enthusiasts to launch a petition for Binance to list Floki Inu on their platform… And finally, for those looking to invest, we have even tried to clear the confusion surrounding Floki Inu as an option through the article: Floki Inu Vs Shiba Inu: Which Meme-Coin Should You Buy?, which can be accessed by simply clicking on the aforementioned title.

In this backdrop of a rising “Floki” market trend, a seemingly harmless tweet was shared by Musk this Christmas. He posted a snap of his dog on 25 December 2021, captioned “Floki Santa”. The image of this pet in Santa apparel soon went viral, with over 316,000 likes and several comments and retweets, perhaps owing partially to the 68 million followers garnered by the Time Magazine’s person of the year in 2021, Elon Musk.

This post by the crypto influencer made huge waves in the crypto market, and the value of Santa Floki surged more than 4,000% in the following 24 hours.

Despite the Tesla CEO merely referring to his own dog in a Santa costume here, the creators of Santa Floki leapt at the opportunity to promote their digital coin regardless by tweeting, “@elonmusk just tweeted about us and we are humbled by this recognition!”

The Subsequent Fall

As per CoinGecko, Santa Floki’s price surged from $0.0000000129 to $0.000001718 on Monday. It rose over 1837.2% in the past week. However, the token’s value has dropped by over 29% in the last 24 hours as well.

What are your thoughts on the Floki meme-coins, and on the massive influence Elon Musk has over the crypto market space? Let us know by commenting below.

Sneh Dokania is an Economics major student with an inquisitive disposition seeking to articulate facts, information and news stories in a candid manner on Clout News.

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