Floki Inu token gains 25% following Elon Musk’s Twitter post
The value of the asset broke the $0,000016 mark for the first time since May 5
01.08.2022 - 14:10
439
1 min
0
What’s new? On August 1, the meme token Floki Inu (FLOKI) showed a 25% increase after a Twitter post by the head of Tesla, Elon Musk. The entrepreneur mentioned his dog named Floki, noting that he would publish its picture on August 2, and then the rate of the coin with the same name began to rise. The value of the asset broke the $0,000016 mark for the first time since May 5. As of August 13:50 UTC, the asset is trading at $0,00001544, according to CoinGecko.
Floki pic tomorrow— Elon Musk (@elonmusk) August 1, 2022
What is known about Floki Inu? It is an ERC-20 standard token based on the Ethereum blockchain. In 2021, Elon Musk told Twitter that he wanted to get a Shiba Inu dog and name it Floki. The developers created the cryptocurrency by analogy with the already popular at that time meme coins Dogeсoin (DOGE) and Shiba Inu (SHIB). It has a market capitalization of $140,2 million, according to CoinGecko.
In July, US citizen Keith Johnson sued Elon Musk, as well as his companies, Tesla and SpaceX, claiming that they manipulated the rate of Dogecoin. The prosecutor seeks $86 billion in damages from Musk and $172 billion in moral damages. Johnson also asked the court for a complete ban on the promotion of DOGE for the billionaire.
Useful material?
Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Market
Customers will also be able to withdraw funds to bank accounts using cards
Oct 30, 2024