Floki Takes Off: Musk’s Dog Once Again Shakes Up the Meme Coin Market

The meme token Floki Inu (FLOKI) is soaring. Over the past 24 hours, it has surged nearly 30%, making it one of the top-performing cryptocurrencies of the day. Behind this sudden rally is none other than Elon Musk — this time with a humorous AI-generated video that reignited meme coin mania.

Elon Musk and His “CEO Floki” On social media platform X, Elon Musk posted a video of his Shiba Inu named Floki, dressed in a CEO suit and sitting at a desk. The AI-generated scene instantly went viral — and so did FLOKI’s price. Within minutes of the post, FLOKI’s trading volume skyrocketed by 817%, pushing 24-hour transactions above $656 million.

The token’s price climbed to $0.0000882, marking its highest level in nearly two weeks. The playful post, reminiscent of Musk’s earlier jokes about dog-themed cryptocurrencies, ignited a wave of speculation and enthusiasm among retail investors.

The Meme Economy Awakens Again Floki isn’t the only one riding the Musk effect. Dogecoin (DOGE) and Shiba Inu (SHIB) also posted modest gains after his post. According to data from Santiment, social media activity (on X, Reddit, and Telegram) related to FLOKI jumped by over 65%.

Meanwhile, the Crypto Fear & Greed Index rose from 37 (“fear”) to 52 (“neutral”), signaling growing optimism among traders. “Floki acts like a barometer for meme coin sentiment — when it rises, the rest of the sector tends to follow,” one analyst noted.

Technical Outlook: Bulls Regain Control On the charts, FLOKI is showing a clear bullish structure, trading near a key demand zone around $0.00009.

Bullish scenario:

If FLOKI closes above $0.00009, analysts see potential for a rally toward $0.00011, and possibly $0.00015, if buying momentum continues.

Bearish scenario:

Failure to hold current levels could lead to a correction down to $0.00004. At the time of writing, FLOKI trades around $0.00008, up nearly 10% in the last few hours, with a market capitalization exceeding $712 million.

The Musk Effect Still Works Elon Musk has once again proven that his tweets — or in this case, his AI-generated videos — can move entire crypto markets. From Dogecoin to Floki, every time he posts, billions of dollars shift hands within minutes. Whether the current wave of enthusiasm will last remains to be seen.

But for now, it’s clear that the “CEO Floki” has once again conquered the crypto world.

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