Santa Floki skyrockets 4000% after Elon Musk’s tweet

Santa Floki skyrockets 4000% after Elon Musk’s tweet of his Shiba Inu Floki in a Santa Claus attire. Let’s find out all about this.

Introduction

Santa Floki, the Christmas themed Cryptocurrency named after Elon Musk’s Shiba Inu dog Floki is seeing some heights now. The token gained about 4000% after a tweet by the Tesla CEO. The tweet showed a picture of the Shiba Inu, Floki in a Christmas themed Santa Claus attire.

Data from CoinMarketCap shows that Santa Floki coin gained an additional 500% over the past day.

Background

On the day of Christmas, Elon Musk posted a picture of his dog, Floki wearing a Santa Claus themed outfit. The caption of the post was “Floki Santa”.

Unsurprisingly, this reference to the Token Santa Floki was not done intentionally. However, the creators of the token quickly jumped in to avail this opportunity to promote their product.

Musk’s tweet gained a lot of popularity quickly. The tweet had 312 thousand likes when this article was written. Subsequently, the coin gained a lot in terms of value and popularity. The coin surged from  $0.0000000129 to $0.000001718 in 24 hours. The coin now sits at $0.0000006229, at the time of writing this article. These figures are from the data provided by the popular Cryptocurrency analysis website CoinMarketCap.

Santa Floki’s vision and philanthropy

The Token is involved in philanthropic activities as well. “We believe in the principles of sharing wealth through passive income and planning to donate to reputable charities such as Save The Children.” This quote was taken from the description of the Cryptocurrency from its CoinMarketCap page.

Musk and Dog themed coins

Elon Musk is a stern supporter of the first memecoin, Dogecoin. He has tweeted numerous times about his affinity for the token. Initially stared as a joke, this token was to poke fun at the more serious Cryptocurrencies at that time such as Bitcoin. However, with time and an engaging community the coin evolved past its satirical phase. Now it ranks among the top 10 Cryptocurrencies in terms of market cap in the world.

Musk has also posted twitter posts that have benefited other dog based tokens. Previously, the Tesla CEO tweeted a photograph of a Shiba Inu dog, Doge meme going to the Moon. At that time, SHIB was trading at $0.000026. Following the tweet, the coin jumped almost 50 percent to reach a high of $0.000044, as reported by CoinMarketCap.

Conclusion

Santa Floki skyrockets 4000% after Elon Musk’s tweet of his Shiba Inu Floki in a Santa Claus attire on the Christmas day. It’s not that uncommon for Cryptocurrencies to take huge leaps in value after a shout out by a famous personality. This is certainly one of these instances.

Time will tell the tale of this token’s future. Hopefully, you found this article intriguing and interesting. If you liked this article and would like to read more articles like this, please visit our website.

Please follow and like us:

Related Articles

Facebook
Twitter
Telegram