Elon Musk’s Shiba Inu Photo Sparks 20% Surge in FLOKI Meme Coin

In a move that quickly went viral, Elon Musk’s image of his Shiba Inu dog, Floki, dressed for work behind a desk, sent the FLOKI meme coin soaring by over 20%. The post on Twitter, captioned ‘Flóki is back on the job as X CEO!’ triggered an immediate spike in trading activity. FLOKI topped CoinGecko’s trending list, with derivatives volume jumping 663% to $283 million and open interest surging 165% to $37 million according to data from Coinglass. 💰