Cryptocurrency

Floki Gains 20% After Elon Musk’s Viral X CEO Dog Mention

Sean Jacobs

October 22, 2025
2:00 PM

Elon Musk Sparks Floki Rally With Viral Post

On October 20, 2025, Elon Musk posted a viral picture of his Shiba Inu dog dressed as the X CEO. The Floki token jumped more than 20% following that. The price of the meme currency went up from $0.00006689 to $0.00008043 in just a few hours, causing a lot of trading activity in both the spot and futures markets.

Musk’s tweet, which said, “Flóki is back on the job as X CEO,” quickly swept via crypto networks, making FLOKI the most popular coin on CoinGecko. The action set up a social media frenzy that was similar to Musk’s past meme-driven stock spikes.

Trading Volume Skyrockets Across Exchanges

According to CoinMarketCap, FLOKI’s trade volume shot up 802% in only 24 hours, reaching $540 million. Coinglass analytics says that the volume of derivatives also rose by 663% to $283 million, while the open interest rose by 165% to $37 million.

This increase in activity pushed FLOKI’s market cap up to $830 million, its highest value since early October. The token’s official account on X hailed the feat by dubbing Floki “the people’s crypto” and thanking the community for keeping the rally going.

FLOKI Leads Meme Coin Rally as Market Value Surges Past $64B

Musk’s post had an influence on more than only FLOKI. As investors bought up related tokens, the meme coin market cap grew by 5.8% to over $64.4 billion.

While other meme currencies like Ergo and Bio Protocol had small rises in the single digits, FLOKI’s rise was the biggest in the industry. Analysts say this is because the token has a strong brand, a lot of people are involved with it, and Musk is directly linked to the name of the coin.

Historical Trend of Musk-Induced Price Spikes

Elon Musk’s jokes have affected crypto prices before. Musk joked in 2023 that he would make Floki the CEO of Twitter once he stepped down. This caused the token to rise 140% in one day.

The billionaire still has a lot of control over meme tokens like Dogecoin and Floki, and his online participation often leads to purchasing frenzies. Musk’s ongoing involvement with these groups strengthens his unofficial status as a driver of the meme coin economy.

FLOKI Holds Gains Near $0.000079 as Falling Wedge Signals Breakout

FLOKI is trading at $0.00007985 as of press time, keeping most of its gains from the rise. TradingView’s technical charts show a falling wedge formation, which usually means that a breakout is about to happen.

The MACD indicator is barely below the zero line, and the histogram is getting tighter, which means that selling pressure is going down and buying strength might come back. Trading volume is still higher than average, which suggests that momentum favors an optimistic mood in the immediate run.

Institutional Momentum Strengthens Token Credibility

More institutional interest also helped FLOKI’s fundamentals. In early October, the coin released its first European exchange-traded product (ETP), which made it easier for regulated investors to become involved. FLOKI has also been included on major trading platforms like Robinhood, which has made the market more visible and easier to trade.

Even though it’s a meme-based cryptocurrency, the project has grown its ecosystem through useful features like staking, NFTs, and game integrations, which have helped keep interest up even when there isn’t a lot of buzz on social media.

FLOKI Jumps 25% as Influencer Hype Sparks Fresh Meme Coin Momentum

The recent rise of FLOKI shows how quickly feelings may change in the meme coin market, especially when big-name influencers get involved. Analysts say that if the token stays over $0.000078, it might keep going up to $0.000095–$0.00010, which would be a 25% gain from where it is now.

But traders are still wary of the dangers that come with celebrity-driven rallies because of how volatile they can be. Whether the larger crypto market keeps getting money and FLOKI’s trading volume stays high all week will determine whether momentum can be kept up. Elon Musk’s fun tweet has once again shown that one tweet may change the course of the meme currency market. Floki is still very much in the news.

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