Emre Yumlu 
After staying away from the crypto world for a while, Elon Musk continues to make waves in the market with his short but impactful tweets. Known as the CEO of Tesla, SpaceX, and X, Musk once again drew the attention of crypto investors with his latest statement. When asked on social media, “Does X not have a CEO?”, Musk gave a short and humorous response: “FLOKI… Actually, you can trust him.” Shortly after, he followed up with another post saying, “FLOKI is back as the CEO of X.”
FLOKI Back in the Spotlight
Musk’s statements created a domino effect in the FLOKI token. As known, FLOKI is a popular meme coin inspired by the name of Musk’s Shiba Inu dog. As with every crypto asset Musk has mentioned, FLOKI’s price surged rapidly following his comments. The phenomenon known as the “Musk effect” once again made its presence felt in the market. Right after Musk’s tweets, FLOKI’s price rose by over 10% within minutes.
Elon Musk’s Longstanding Relationship with Crypto
Elon Musk’s influence on the crypto market is nothing new. The year 2021 was particularly significant, as his tweets caused major volatility across the market. Musk initially shared positive remarks about Bitcoin, but later shifted his focus to Dogecoin, which he described as “the people’s crypto.” Even though he has been more distant from the crypto scene since then, a single post from Musk still plays a decisive role in price movements.
FLOKI Price Outlook
Following Musk’s statements, FLOKI gained strong momentum in a short period. The token rose from $0.000069 to around $0.00009, and is currently trading near $0.00008480. This rise has reignited optimism among FLOKI investors.
From a technical standpoint, FLOKI’s jump can be interpreted as a short-term price reaction. However, such movements driven by Musk’s influence often lead to high volatility in the market. Investors should remain cautious during these periods, as the price may experience a short-term correction.
This content does not constitute investment advice.
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