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Elon Musk's New Puppy Tweet Sends Shiba Floki Token Soaring, FLOKI Jumps More Than 900% in 24 Hours

The CEO of Tesla, Elon Musk shared a picture of a Shiba Inu pup and said “Floki has arrived” to his 59.8 million Twitter followers. Of course, the tweet affected the price of a few specific meme-based crypto assets that leverage the “Floki” name.

Shiba Floki Token Soars After Elon Tweets an Image of His New Pup

Elon Musk has been a fan of dogecoin (DOGE) for a while now and on a few occasions, the CEO of the electric car manufacturer Tesla has tweeted a reference to other meme-based canine coins in the past. Musk referenced “baby doge” in a tweet and in a video shared on Twitter, Musk said “daddy doge,” while being escorted to his car. At that time, there were more than 30 doge-like coins that either shared the name “doge” or the type of dog “Shiba Inu.”

On Sunday, September 12, Elon Musk tweeted about a new puppy arrival and happily tweeted “Floki has arrived.” Now of course, just like his baby doge coin sing-along shared on Twitter in July and the daddy doge video mention, the tweet is meaningless in terms of crypto assets. However, despite the harmless sharing of a cute Shiba Inu pup photo, Musk’s tweet once again has affected the price of at least two specific crypto assets.

Floki has arrived pic.twitter.com/2MiUKb91FT

— Name (@elonmusk) September 12, 2021

For instance, during the last 24 hours alone, the token shiba floki (FLOKI) jumped a whopping 969.5% in value. The token FLOKI is swapping for $0.000000006177 per unit at the time of writing. FLOKI is considered a “community-owned” meme currency and the website says the token is “hyper deflationary.” The coin’s

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