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19 September 2021

Dogecoin Spin-Offs Soar 1,000% After Elon Musk Shows Off ‘Floki’ Puppy - Decrypt

Dogecoin Spin-Offs Soar 1,000% After Elon Musk Shows Off ‘Floki’ Puppy - Decrypt


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Shiba Floki (FLOKI) surged less than four hours after the tweet was posted, and is currently up 1,009% in 24 hours, meanwhile, Floki Inu (FLOKI) is up 108% in the same period, according toCoinGecko. .

In the same month,Decryptrevealed that he had beenworking with Dogecoin developers,since 2019, to make the cryptocurrency—which beganas a joke—a viable payment method, one that can routinely be used to buy a cup of coffee. .

The tweet prompted a frantic rush of meme tokens exploiting the Floki name, and led to existing Dogecoin knock-off Shiba Inu (SHIB) surged by over 25%.

Its prospects, now that a real-life Floki is guaranteed to bring in attention, are rosy. 

Meanwhile, the original Shiba-Inu-themed meme token, Dogecoin, has slumped 5% during the Floki frenzy

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