This meme related to Elon Musk is the only person against a static crypto market.
TL; DR
While most memecoins are falling, Floki Inu (FLOKI) is growing by 7% in the last 24 hours and 16% in the last 30 days. The brand is associated with Elon Musk, as his dog is named Floki, and Musk's tweets have historically influenced FLOKI's price, in one case causing a 40% increase. Memecoins are speculative cryptocurrencies based on trends; Popular examples include Dogecoin, Shiba Inu and Floki Inu, among others.
FLOKI goes with the wave
Most of the crypto assets in the realm of memecoin have been heavily impacted by the recent market crash. The leaders like Dogecoin (DOGE) and Shiba Inu (SHIB) have both nosedived roughly 5% each week.
However, there is one such token class in the top 10, which is on the rise, and its name is FLOKI. It is up more than 7% in the last 24 hours and 16% in the last 30 days.
Interestingly, memecoin is somewhat related to the richest man on the planet – Elon Musk – whose dog's name is Floki. Tweets from him have often affected the value of the property.
For example, Musk adopted his pet as the CEO of X (formerly Twitter) earlier this year, while FLOKI soon rose by 40%. The exact reason behind the token's recent surge is unknown.
Everything about Memecoins
Memecoins are highly speculative and trend specific cryptocurrencies. The largest by market capitalization are Dogecoin (DOGE), Shiba Inu (SHIB), Pepe Coin (PEPE), Floki Inu (FLOKI), Bone ShibaSwap (BONE), and Baby Doge Coin (BabyDoge).
We've released an exclusive video that touches on those properties and explains their specifications. If you want to know more, you can click the clip below:
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