The world’s richest man posted a photo on Twitter about his dog wearing a Santa Claus outfit with a message “Santa Floki.” So far, nothing out of the ordinary. Yet, a cryptocurrency token with the same name surged by five-digit percentages in the following hours before it dumped shortly after.
Aside from being the CEO of some of the most prominent companies nowadays, Elon Musk’s name is synonymous with massive gains for memecoins in the crypto space.
His influence has grown well outside of Dogecoin, where it stood at the beginning of the year as numerous copycats emerged in attempts to take some of the glory of the original memecoin.
Even Musk tweets that are not explicitly engaging with digital assets have resulted in incredible gains for tokens containing the same name.
The latest such example came on Christmas when the billionaire shared a photo of his dog – called Floki – in a Santa Claus outfit, and he named it “Floki Santa.”
Floki Santa pic.twitter.com/y3CTq16b
We współpracy z: https://cryptopotato.com/the-musk-effect-santa-floki-coin-soared-18800-in-2-days-following-teslas-ceo-tweet/
