Elon Musk, CEO of Tesla and SpaceX and owner of Twitter, made a recent post on Twitter Spaces. in the interview He mentioned Floki. Musk humorously said that Floki the dog had already taken over Twitter. But as expected, Musk’s comments did not affect the meme coin price this time.
Elon Musk, CEO of companies like Tesla and SpaceX, as well as an entrepreneur, is considered one of the many factors that affect the prices of cryptocurrencies. Musk has influenced cryptocurrency prices in the past with his statements on Twitter and other social media platforms. For example, Bitcoin’s value plummeted when Musk expressed concern about Bitcoin’s environmental impact on Twitter. Likewise, Dogecoin price soared when Musk shared positive tweets about Dogecoin or said he would accept Dogecoin as a payment method. As a current example, in February, Musk shared a photo of the FLOKI dog contracted to be CEO, saying, “Twitter’s new CEO is awesome,” and the FLOKI price has surged over 40%. So even mentioning the dog Floki was enough to rise.
Elon Musk Shared: Meme Coin Price Takes Off!
This time, however, the reaction of cryptocurrency Floki Inu (FLOKI) has been surprisingly quiet. This lackluster response suggests that the market may not be as affected by Musk’s tweets as before, at least regarding Floki Inu (FLOKI).
Koinfinans.com As we reported, during the Twitter Spaces interview, Musk also said, “He has a black turtleneck and a hoarse voice – what more do you want!?” he said of his dog Floki. This inactivity of FLOKI can be attributed to various factors such as market conditions or varying sentiment among investors. Additionally, the increasing maturity of the cryptocurrency market may be contributing to the diminishing influence of high-profile individuals like Musk on meme coin prices.
In summary, FLOKI’s startling silence may indicate a shift in market sentiment to Musk’s comments on meme coins, or it may be a reflection of broader market conditions and investor sentiment.
You can follow the current price action here.