Meme-Coin Floki Surges Over 3500% in an Hour After Elon Musk’s Tweet

Meme-Coin Floki Surges Over 3500% in an Hour After Elon Musk's Tweet
  • Elon Musk pops up fueling a new meme-coin.
  • He says that Shiba Inu is named “Floki”.
  • The value of Floki has surged to 3500% within hours.

Elon Musk fuels a new meme-coin named “Floki”, this has been in the trend right now following the tweet of Musk. 

The dogecoin enthusiast pops up with another meme-currency tweeting from his account this weekend. The tweet says that his Pet Shiba Inu is named “Floki”.

Following the tweet, the value of Floki skyrockets to 3500% within hours, as it did following the coin’s launch. Many investors rushed to purchase the meme-coin within hours of his tweet. As a result, the coin’s price skyrockets, increasing its market capitalization.

According to Uniswap, the coin currently has a large supply, while the number of coins in circulation is in the trillions. Floki is also not available on any other major cryptocurrency exchanges.

About Floki

Floki is an unknown currency that gained popularity as a result of Elon Musk’s tweet. Floki Inu is a speculative cryptocurrency that only a small number of cryptocurrency users are aware of.

It is one of the cryptocurrencies that is gaining attention among users and the value also surged 3500% within hours, following Musk’s tweet. Investors can purchase Floki coins on the Uniswap trading platform.

Additionally, the trading platform does not enable users to buy Floki with USD or AUD. They can use intermediate coins to purchase Floki. However, since Musk’s tweet, the market has seen an increase in the number of fake Floki coins, so investors should research and invest in the original coin.

Floki Inu is trading at $0.00000625 with a trading volume of $8,884,142, according to Coingecko at the time of writing.

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