according to the materials of the site - By ETHNews
Elon Musk needed just one image to revive the meme coin market again. The billionaire posted a photo of his Shiba Inu named Floki, sitting at a desk in a business suit, with the caption: "Floki is back as CEO of X!"
The post went viral in a matter of minutes, raising the price of FLOKI, the token inspired by Musk's pet, by more than 20% to $0.00008043, according to TradingView. Trading activity surged after the token briefly topped the CoinGecko trending list: the volume of derivatives trading skyrocketed by 663% to $283 million, and open interest rose by 165% to $37 million, according to Coinglass data.
This is not the first time Musk has shocked the cryptocurrency world with a tweet. His posts featuring Floki have historically triggered sharp rallies in dog-related tokens, from Dogecoin to Shiba Inu. But this latest episode underscores how his influence still shapes sentiment around meme coins in 2025.
The official FLOKI account on X quickly seized this moment, declaring the token a 'people's cryptocurrency'. The team also noted key milestones, including the launch of the European ETP and a recent listing on Robinhood, as signs that the project is moving beyond meme status and becoming a full-fledged player in the broader crypto space.
While traders rush to take advantage of the renewed excitement, Musk's post once again proves one thing: in cryptocurrency, a single meme can still move markets.
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