Just-In: Elon Musk Declaring New CEO Pumps Dogecoin, Floki Inu, Shiba Inu Prices

Twitter and Tesla CEO Elon Musk on Wednesday tweeted a picture of his dog “Floki” with the caption “new CEO of Twitter is amazing.”

Elon Musk’s meme declaring “Floki” as the new CEO of Twitter sends meme coin prices including Dogecoin, Floki Inu, and Shiba Inu to rally higher. He also said “Floki” is even much better than that other guy, great with numbers, and has style.

Several crypto influencers reacted to Elon Musk’s tweet including Dogecoin creator Shibetoshi Nakamoto, Matt Wallace, Shiba Inu lead developer Shytoshi Kusama, David Gokhshtein, and others.

Floki Inu (FLOKI) price skyrocketed over 45% after Elon Musk Tweet, with the current price trading at $0.00002974. The FLOKI price jumped from a low of $0.00002092 to a high of $0.00003278 in the last few hours. The trading volume on FLOKI pumps nearly 250% in the last 24 hours.

Meanwhile, Elon Musk’s favorite meme coin Dogecoin (DOGE) price soared over 5% in just an hour. The DOGE price is currently trading at $0.08599. The 24-hour low and high are $0.08127 and $0.087, respectively.

Other meme coins such as Shiba Inu (SHIB) and BONE prices also rallied by 4% and 8%, respectively. Shiba Inu’s lead developer Shytoshi Kusama on Tuesday revealed that the Layer-2 blockchain Shibarium is ready and will be released soon. Also, he has confirmed that Shibarium is coming before May this year.

Also Read: Bitcoin Price Likely To Hit $25K After US CPI Data, Here’s Why

This is not the first time Elon Musk has influenced crypto prices, especially Dogecoin and Bitcoin. Musk has supported Dogecoin, with speculation of integrating the meme coin into Twitter payments.

Recently, Dogecoin price jumped over 5% after Elon Musk casually replied to a tweet that he was discussing Dogecoin with Fox News chief Rupert Murdoch while sitting with him during the Super Bowl LVII on Sunday.