Floki crypto price surges 250% after Elon Musk gets new dog | The Independent

An obscure, meme-inspired cryptocurrency has suddenly surged in price after Elon Musk shared a picture of his new dog.Floki Inu coin hit an all-time high on Monday softly after the technology billionaire tweeted the image of the Shiba Inu puppy, alongside the caption “Floki has arrived”.The 150 per cent price spike was mirrored across other alternative cryptocurrencies with similar names, including Floki Shiba and Super Floki.Despite the massive price increases, all of them remain outside the list of the top 2,000 most valuable cryptocurrencies, according to CoinMarketCap’s price index.It is not the first time a tweet from Mr Musk has caused crypto markets to move, having previously helped push dogecoin to new record heights earlier this year during his appearance on Saturday Night Live.The world’s most famous meme-based currency was created in 2013 as a joke on the burgeoning cryptocurrency space pioneered by bitcoin.It took inspiration from the Shiba Inu Doge meme and soon gained attention for its fun-loving and philanthropic community that sprung up around it.As a self-proclaimed meme aficionado, Mr Musk also became interested in it and even bought some for his infant son X Æ A-Xii so that he could be “a toddler hodler”.He has also quipped…
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