There’s more to Floki’s rise than Elon Musk tweets; details
Floki Inu Coin price. Based on past experience with Elon Musk tweets involving cryptocurrencies Floki Inu could be the most talked-about coin for the next month. Floki’s new avatar of the ‘Twitter CEO’ might just be a marketing strategy in Musk’s search for a new CEO. He has already stated that Twitter is looking for a replacement and that the new CEO could be in place by the end of 2023. The fact that Tesla CEO has finally tweeted about cryptocurrency after a long wait is a positive sign for the crypto community.
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Floki is now the center stage thanks to Elon Musk’s overwhelming support for Dogecoin (DOGE). Floki supporters will be delighted and a flurry if Twitter campaigns could soon follow, as was the case with the Shiba Inu Shiba (SHIB), and DOGE mania in the early 2022. This token is not just about hype and support.
Shortly after the Twitter CEO Floki trend was picked up, KuCoin, a major crypto exchange, announced that it would list the memecoin. Kucoin’s announcement prompted smaller exchanges to list the memecoin, while others are also working on it.
In less than a week, $FLOKI. Acquired a @SwyftxAU listing Became the most-bought asset at @BNBCHAIN The #BNBChain whales made it the most-bought token. Listed in the top three most-mentioned #memecoins
Click the link for more #BULLISH facts https://t.co/XwPHYXcuaU pic.twitter.com/5El6biyPkz
— Buidlbee: Make it with crypto (@buidlbee), February 14, 2023
Floki developers recently proposed a governance reform that would see $55 million worth of FLOKI tokens be burned. The memecoin ecosystem is generally viewed as a rival to Shiba inu. Its developers are creating NFT marketplaces and metaverse-based games, as well educational platforms. Elon Musk’s attention could help the cryptocurrency gain more trader interest by providing more news.
Musk spoke at an event on Wednesday and said that he planned to step down as head of the social media platform. Musk stated that his immediate priorities are to stabilize Twitter’s financial health before the new CEO takes over. After Musk’s tweets about the new Twitter CEO, the memecoin’s value went up by 60%. Based on the current market capital of $320 million, the coin is ranked 217 out of cryptocurrencies.
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