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Floki: Elon Musk’s New Favourite Coin Rises 3,500%

Floki Elon Musk’s New Favourite Coin Rises 3,500%
  • Elon Musk has just tweeted in support of a new meme coin called Floki.
  • The Tesla CEO’s tweet drove the new coin’s price upward by over 3,500%
  • Floki is available to buy on Uniswap trading platform.

Really, another Elon Musk-supported meme coin? Floki Inu, which is Musk’s new Shiba Inu, is apparently one of the most talked-about meme coins as per the Tesla CEO himself.

The Dogecoin fan announced the news on Twitter over the weekend. Floki is the name of Musk’s new Shiba Inu pet. It is thought that the pet is named after a character from the popular TV show Vikings.

As per UniSwap, the coin’s value shot up 3,500% following Musk’s tweet. As it happens, this was also right after the currency’s launch. So far, a trillion coins are already in supply. It seems supply is abundant.

Keeping up with their previous market-moving performance, Elon Musk’s tweets again caused havoc. People all over the world poured in to buy FLOKI, which caused the coin’s market cap and price to soar upwards.

Want to buy some FLOKI yourself?

At the moment, Floki isn’t listed on any crypto exchanges. However, if you want to buy some you can head over to the Uniswap trading platform. Further, Uniswap doesn’t allow Floki purchases directly with USD, so you will have to buy an intermediary coin.

Remember, always keep your eyes peeled for scammers. Floki’s sudden popularity has resulted in a large number of duplicate Floki Coins turning up on the market. This means that the purchase is highly risky.

Currently, the Floki coin is available for trading at $0.00000565 according to CoinGecko.

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Lisa is excited about all things tech. She devotedly follows blockchain and crypto updates, sharing her passion through writing about it. She is a regular contributor for cryptocurrency news and articles.