Elon Musk’s Comment Sends Unknown Memecoin Soaring

April 13, 2023

In an interview with BBC, Elon Musk joked he is no longer Twitter CEO and his pet dog Floki has taken over.

Since his comment in the Twitter Space interview, a little known memecoin named FLOKICEO surged nearly 200%.

The little known memecoin is currently ranked at 2630 on CoinMarketCap in terms of market capitalization.

FLOKI CEO is up whooping 521% in the last seven days.

Given the market size and trading volume of just a few million dollars, the little known crypto could just be another pump and dump scheme.

Elon Musk had tweeted in February that he is making his pet dog Floki Twitter CEO.

Elon Musk has not shied away from expressing his support for the most famous meme cryptocurrency Dogecoin.