Elon’s Dog Floki Coin Jumps 25%-But Will This Last? 🐕💸

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In true “I-accidentally-created-a-currency” fashion, Floki crypto spiked 25% this week, thanks to a familiar mastermind. Spoiler: It’s not a financial genius-it’s a guy who thinks tweeting dog videos is a career move. 🐶

  • Elon Musk’s X post (because why not?) reignited interest in this Shiba Inu-inspired nonsense
  • Floki crypto surged 25% to a weekly high after Musk published the video. Because nothing says “serious investment” like a dog in a suit
  • The memecoin reacted similarly to past instances of social media hype (i.e., “I told you so” vibes)

Just when you thought the memecoin circus was wrapping up, Floki is once again riding the social media hype train. On Monday, October 20, Tesla CEO Elon Musk shared an AI-generated video of his dog, Floki, now dressed like a corporate ladder climber. The video, showing Floki in a suit at the X CEO desk, attracted a lot of attention. Because nothing screams “long-term value” like a cartoon dog in a power suit. 🎩

Flōki is back on the job as 𝕏 CEO!

Shortly after Musk posted the video, Floki (FLOKI) rallied to a weekly high of $0.00008831 on an 800% surge in trading volume. This rally saw Floki recover some of its losses from October 10, when a major market crash pummeled the entire crypto market. Memecoins were among the most affected, with most yet to recover their earlier highs. But hey, at least Elon’s dog is thriving! 🐾

Althought Elon Musk has no direct involvement with Floki crypto, it is inspired by Elon Musk’s dog, a Shiba called Floki. For that reason, whenever Musk posts anything related to his dog, the memecoin goes up. However, as some users have remarked, this effect is slowing down, with Musk’s tweets having less impact than in the past. Because of course it is-nothing stays relevant forever, even if you’re a billionaire with a dog. 🤷♂️

What is more, there’s little indication that the rally will last. Currently, despite Floki’s ecosystem expansions, including the Valhalla NFT game, the FlokiFi DeFi platform, its price is still mostly hype-driven. Notably, the last few major rallies were largely fuelled by headlines, including the Robinhood listing on August 8. Still, despite becoming available to millions of Robinhood users, the memecoin continued to trend downward. Without a strong growth in its DeFi ecosystem, or a greater memecoin rally, Floki seems unlikely to break its downward trend. Unless the Valhalla NFT game becomes the next Fortnite, or FlokiFi starts offering better returns than my sock drawer, this hype might fizzle out faster than a TikTok trend. 💣

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2025-10-20 21:36