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Elon Musk tweets a puppy picture. Shiba INU has increased by nearly 1,000%

Elon Musk tweets a puppy picture. Shiba INU has increased by nearly 1,000%

Anubha Anand

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Elon Musk, CEO of Tesla and SpaceX, has been responsible for driving up the price of Shiba Inu; along with other cryptocurrencies on several occasions by sharing various references and memes on his social media feed. He is known for his interest in digital tokens and remains a strong believer in cryptos. And now, his latest tweet has boosted the value of some unknown cryptocurrencies.

Musk recently posted a photo of a new Shiba Inu puppy sleeping on the floor; on Twitter c ‘Floki has arrived,’ which fueled a surge in floki-themed cryptocurrency prices; with some of them surging nearly 1,000 percent in 24 hours.

According to CoinMarketCap, cryptocurrency Shiba Floki prices skyrocketed nearly 1,000%, with the sharp rally coinciding with Musk’s tweet, and has been the biggest gainer $0.0000000534, being the latest crypto that’s a descendant of meme father Dogecoin. Another crypto, Floki Inu also rose up to 60%, while Floki Shiba has increased by 25%. Floki coin experienced a similar 250% increase following Musk’s tweet.

“Mr Musk sir, I just want to let you know that your doge is shaped somewhat like a small bean,” ; said Dogecoin’s official Twitter account in response to Musk’s tweet. Thank you very much. That’s it.”

In response to Mr Musk’s new tweet, the official Dogecoin Twitter account stated; “Mr Musk sir, I just want to let you know that your doge is shaped somewhat like a small bean.” ;Thank you very much. That’s it.”

This isn’t the first time Musk’s tweets have pushed Shiba Inu or Floki-related crypto prices; as the entrepreneur’s previous tweet naming his Shiba Inu pet; “Floki” fueled the price of such virtual tokens.

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Source: Mint

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