Tesla and SpaceX founder Elon Musk again tweeted a message that triggered changes in the cryptocurrency market. He posted a photo of the new Shiba Inu pet, adding, “Floki has arrived.”
This was immediately reflected in the courses associated with this breed and the dog’s nickname of cryptocurrencies. According to CoinMarketCap, the Shiba Floki cryptocurrency has risen in price by 958% per day. Another cryptocurrency, Floki Inu, rose 59.08% at 24%, while Floki Shiba registered a 23.46% gain.
This is not the first time the CEO of SpaceX has triggered a sharp rise in cryptocurrency prices. This August, the price of Shiba Inu jumped 16% after Musk tweeted that he named his new pet Floki.
Musk’s comments about cryptocurrencies often led to price spikes that were eventually followed by a drop. Earlier this year, Musk wrote several times about Dogecoin, which led to leaps in the cryptocurrency rate. Later, many buyers accused Musk of investing his money in Dogecoin and artificially winding up the rate.
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