Home / Markets / Cryptocurrency /  Elon Musk's tweets puppy pic. This crypto surges nearly 1,000%

Tesla CEO and SpaceX owner Elon Musk has often been responsible for pumping doge and other cryptocurrency prices on several occasions by sharing various references and memes on his social media feed as he is known for his interest on digital tokens and remains a strong believer of cryptos. And now, his recent tweet has pumped up the prices of some unknown cryptocurrencies.

Musk recently tweeted a picture of a new Shiba Inu puppy sleeping on the floor. The billionaire captioned the picture as ‘Floki has arrived’, which sparked the fuel in floki-themed cryptocurrency prices as some of them witnessed a sharp rally of nearly 1,000% in 24 hours. 

As per CoinMarket Cap, 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,as per coinmarket cap. Another crypto, Floki Inu also rose up to 60% while Floki Shiba has risen 25%. Similary, Floki coin also saw a 250% surge after Musk's tweet.

Dogecoin's official twitter account reacted to Musk's tweet saying, “Mr Musk sir, I just want to let you know that your doge is shaped somewhat like a small bean. Thank you. That is all."

Reacting to Mr Musk's new tweet, the official Twitter account of Dogecoin wrote, “Mr Musk sir, I just want to let you know that your doge is shaped somewhat like a small bean. Thank you. That is all."

This is not the first time that Musk's tweets have pushed Shiba Inu or Floki related crypto prices as the entrepreneur tweet earlier on naming his Shiba Inu pet “Floki" fuelled sent the prices of such virtual tokens.

Know your inner investor Do you have the nerves of steel or do you get insomniac over your investments? Let’s define your investment approach.
Take the test
Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Recommended For You

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Get alerts on WhatsApp
Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout