TRENDING:
EUR/USD
GBP/USD
XAU/USD
Trade War
USD/CAD
AUD/USD
Sponsored by
Login
|

Elon Musk’s tweet triggers rally in Shiba-Inu-themed meme coins Dogecoin and Floki

  • Elon Musk’s recent tweet triggered a massive price rally in meme coins Dogecoin, Floki and Shiba Inu.
  • The Shiba-Inu-themed meme coin FLOKI climbed 39%, Dogecoin price climbed 5.4%.
  • Meme coin holders are awaiting the launch of Twitter’s crypto payments, hoping DOGE, SHIB and FLOKI can find utility. 
Elon Musk’s tweet triggers rally in Shiba-Inu-themed meme coins Dogecoin and Floki
Ekta MouryaEkta MouryaFXStreet

Elon Musk, the billionaire CEO of Tesla tweeted a picture of his dog Floki, posing as the CEO of social media giant Twitter. The tweet fueled a bullish sentiment among Shiba-Inu-themed crypto holders, triggering a rally in these tokens. 

Also read: Will Shiba Inu lose 22% gains as PayPal dispels rumors of supporting SHIB payments?

Elon Musk tweets picture of Floki, triggers meme coin rally

Elon Musk, the CEO of Tesla tweeted a picture of his dog named Floki, presenting him as the CEO of social messaging platform Twitter. 

The tweet triggered a reaction in the Shiba-Inu-themed meme coin community and FLOKI, DOGE, SHIB prices rallied in response. 

Floki, the meme coin that shares its name with Elon Musk’s dog soared 39% while Dogecoin and Shiba Inu yielded moderate gains. 

FLOKI price chart
FLOKI price chart 

This is not the first time that meme coins have witnessed a rally in response to self-proclaimed Dogefather Musk’s tweets and comments. 

The meme coin community is awaiting the launch of crypto payments on the social media platform Twitter. DOGE and SHIB holders believe that the meme coins could find utility as payment options on Twitter. 

Musk recently applied for a payments license for the social media platform in the US. Experts believe this is part of the Tesla CEO’s plan to turn Twitter into a “super app” with payment features and more utilities than social media messaging. 

Author

Ekta Mourya

Ekta Mourya

FXStreet

Ekta Mourya has extensive experience in fundamental and on-chain analysis, particularly focused on impact of macroeconomics and central bank policies on cryptocurrencies.

More from Ekta Mourya
Share:

Editor's Picks

Pump.fun Price Forecast: PUMP climbs on release of creator-focused callout feature

Pump.fun Price Forecast: PUMP climbs on release of creator-focused callout feature

Pump.fun (PUMP) edges higher by almost 5% at press time on Friday, recovering from a 3% decline the previous day. The release of the new callout feature on the Solana-based launchpad platform for creators could boost trading activity.

Internet Computer Price Forecast: ICP extends rally as bulls target levels above $5

Internet Computer Price Forecast: ICP extends rally as bulls target levels above $5

Internet Computer (ICP) trades above $4.30 on Friday, up more than 40% so far this week. The bullish price action is further supported by strengthening on-chain and derivatives data. On the technical side, it suggests rally continuation with bulls targeting levels above $5.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple rally pauses near key levels

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple rally pauses near key levels

Bitcoin holds above $95,400 on Friday after rallying 5% so far this week. Ethereum and Ripple followed BTC’s footsteps, hovering around key levels after their upside moves.

Top Crypto Gainers: Decred and Dash rally as Chiliz pauses after surge

Top Crypto Gainers: Decred and Dash rally as Chiliz pauses after surge

Privacy coins, including Decred and Dash, sustain the ongoing rally over the last four days while Chiliz (CHZ) takes a breather after extending gains above $0.05500. The technical outlook for privacy coins focuses on immediate resistance while Chiliz faces headwinds near $0.06000.

Orange Juice Newsletter – Smart insights by real people. Every day.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Early-2026 rally falters as BTC investors await key catalyst

Bitcoin: Early-2026 rally falters as BTC investors await key catalyst

Bitcoin (BTC) is trading lower toward $90,000 on Friday after encountering rejection at a key resistance zone. The price pullback in BTC is supported by fading institutional demand, as spot Exchange Traded Funds (ETFs) have recorded net outflows so far this week.