While there is a cryptocurrency called Floki Frunkpuppy that is used on the Binance Smart Chain, it was unclear whether Mr Musk was referring to it.
Elon Musk, the billionaire software entrepreneur, appears to be unable to resist the need to tweet about cryptocurrency, particularly his favourite meme-based coins.
In the description, Mr Musk merely said “Floki Frunkpuppy.” Mr Musk has a history of sending cryptic tweets that do more to arouse suspicion than to dispel it.
The dog portrayed in the image was of the same breed as the popular Dogecoin joke. Mr Musk, on the other hand, hasn’t been actively supporting Dogecoin in recent days.
While there is a cryptocurrency called Floki Frunkpuppy that is used on the Binance Smart Chain, it was unclear whether Mr Musk was referring to it or just the front trunk of the Tesla car in the photograph.
This new image of a Shiba Inu dog riding in a Tesla vehicle could indicate that Mr Musk is considering accepting Dogecoin payments or endorsing a new Shiba Inu coin.
However, as is frequently remarked about Mr Musk, his tweets hide more than they disclose.
The cryptocurrency Floki soared on Sunday, according to Benzinga, although only for a short time. The coin reached a high of $0.00007509 during the day.
As a result, many Twitter users were curious about Mr Musk’s plans this time.
Billy Markus, the founder of Dogecoin, who goes by the Twitter moniker “Shibetoshi Nakamoto,” was one of those who responded on the discussion.
“Floki has arrived,” Mr. Musk tweeted last month. He also posted a photo of a sleeping puppy on the floor. At the time, the popularity of Floki-themed cryptocurrency had skyrocketed.
He is credited for popularising Dogecoin, but he is also blamed for the market crash that occurred in April and May of this year.
Musk and his electric vehicle company then modified their stance on taking Bitcoin, the largest cryptocurrency, as payment due to environmental concerns. Mr Musk then began actively promoting Dogecoin on social media, causing its value to soar.
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