Elon Musk Names New Twitter CEO, Dogecoin, Floki Inu, and Shiba Inu Price Surge – Coinpedia Fintech News

  • Elon Musk’s humorous announcement of his dog ‘Floki’ becoming CEO of Twitter drives up the prices of Dogecoin, Floki Inu, and Shiba Inu.

The meme lord godfather, Elon Musk, has shocked the Floki (FLOKI) community after naming him the new CEO of Twitter. As of the early Asian trading market, Floki was trading around $0.00002949, up 41.1 percent in the past 24 hours. 

The daily traded volume has gone parabolic to stand around $53,355,135 on Wednesday, up 250 percent in the last 24 hours. The tech billionaire has noted that Floki has great numbers, thus the reason for the CEO appointment. Notably, Floki takes pride in over 410k Twitter followers, 36k Telegram followers, and over 110k YouTube subscribers.

The Floki tweets by Musk have attracted huge attention with each having over 100k likes in the first hours of tweeting. Notably, Musk’s favorite Dogecoin has risen approximately 6 percent in the past 24 hours to trade around $.0869. Moreover, Musk has retweeted the idea that dog-themed meme coins are part of the social media’s board of directors.

With Twitter preparing to add payment features, the Floki and Dogecoin community anticipates they will be part of the plan. Thereby giving them real-world utility.

Why Floki?

As one of the top ten meme coins by market capitalization, the Floki ecosystem has grown to a globally traded coin. The Floki coin was recently listed by Australia’s largest exchange CoinSpot. Additionally, the Floki network recently announced a strategic partnership with Pyth Network to launch the FLOKI/USD price feed and integrate Pyth Network oracle within the Floki ecosystem.

In a bid to give the Floki coins value, the Floki DAO recently approved the burn of 4.97 trillion tokens worth approximately $102 million.

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