The price of an obscure, meme-inspired cryptocurrency has suddenly skyrocketed after Elon Musk shared a photo of his new dog.
The Floki Inu coin hit an all-time high on Monday, when the technology billionaire tweeted an image of a Shiba Inu puppy, with the caption “Floki has arrived”.
The 150 percent price spike was mirrored in other alternative cryptocurrencies with similar names, including Floki Shiba and Super Floki.
According to CoinMarketCap’s price index, all of them are out of the list of the top 2,000 most valuable cryptocurrencies, despite huge price increases.
This is not the first time a tweet from Mr Musk has caused crypto markets to move, having previously helped push Dogecoin to new record highs earlier this year. saturday night live.
The world’s most famous meme-based currency was created in 2013 by Bitcoin as a joke on the leading cryptocurrency space.
It drew inspiration from the Shiba Inu Doge meme and soon gained attention for its fun and philanthropic community that grew around it.
As a self-proclaimed meme fan, Mr. Musk also became interested in it and even bought some for his newborn son X A-Xii so he could be “a baby hodler”.
He has also quipped that the cryptocurrency could become the core currency of the Internet, as well as potentially on Mars when a human colony is eventually established there.
“Sometimes I make jokes about Dogecoin, but they are really just for fun,” he said during a Q&A session on the app Clubhouse earlier this year.
“But luck loves irony… the most amusing outcome is often the most likely and arguably the most amusing outcome, and the most ironic outcome would be that Dogecoin would become the currency of the Earth in the future.”
According to the Bloomberg Billionaires Index, Mr. Musk is currently the second-richest person on the planet, with a net worth of approximately $200 billion.
Beyond stocks in SpaceX, Tesla, and their other companies, the only things it claims to own of any significant value are bitcoin, ethereum (ether) and Dogecoin.
Credit: www.independent.co.uk /