The price of memtoken Floki soared by almost 30%, reaching a local peak at $0.00008799. The reason for traders’ attention to the token was a post by Elon Musk, the founder of Tesla and the owner of the social network X, according to analysts at CoinGecko.
Before the post, the price of Floki Inu was at a daily low of $0.00006549, up 29%. The trading volume jumped by more than 500%, reflecting a surge in investor activity.
According to CoinGecko, the token has become the top performer in terms of growth among all crypto assets in the last 24 hours, including direct competitors Dogecoin and Shiba Inu.
Musk posted a video generated by a neural network showing a Shiba Inu dog wearing a business suit and sitting at a desk. And he added a caption:
“Floki has returned to the position of CEO of X.”
The post received 3.8 million views in a matter of hours.
Elon Musk has a Shiba Inu dog named Floki, which he adopted in 2021. In February 2023, the billionaire posted a picture of the dog sitting at a desk as the CEO of Twitter.In July 2025, the current CEO Linda Yaccarino resigned from the post of head of X.
Analysts of the CoinGecko platform believe that the Floki pump may be short-term due to the speculative nature of meme coins and the so-called “Mask effect.” Despite the short-term optimism and accumulation of the asset, today’s Floki price surge has no organic catalysts. The coin is trading below the important 50- and 100-day exponential moving averages, and in the long term, sellers are dominating the price dynamics of Floki. Therefore, the meme token may lose some of its gains once the hype surrounding it subsides, according to CoinGecko experts.
Earlier, the Grok neural network, created by Elon Musk’s company xAI, named Bitcoin as the best crypto asset for investment over the next ten years.
