Cryptocurrency named after Elon Musk’s dog named Floki by fans of Elon surges 2,400 percent!
The following written content by Theo Wayt
Fans of Elon Musk made a cryptocurrency named after his dog — and it’s up 2,400 percent.
Flokinomics, a dogecoin knockoff that started trading on Sunday, was going for $0.000002254 early Wednesday, according to CoinMarketCap data. While that might not sound like a lot, it’s a 2,400 percent increase in value over the previous 24 hours.
“WE $FLOKIN DID IT,” declared a Twitter account for the cryptocurrency.
Flokinomics is named after Elon Musk’s dog, Floki.
Floki is a Shiba Inu — the same kind of dog that serves as the mascot for dogecoin, the “meme” cryptocurrency that Elon Musk famously promoted earlier this year.
Amid hype from Musk, dogecoin surged from $0.06 at the beginning of April to a peak of $0.74 in May. The coin then plummeted after Musk joked about it on Saturday Night Live and is now trading at about $0.26.
The Tesla CEO has also promoted another Shiba Inu-themed coin, Baby Doge. In July, Musk tweeted about the coin and its price more than doubled.
Musk has not spoken publicly about Flokinomics — but that’s not stopping creators and fans of the cryptocurrency from angling for a shoutout from the mogul, which would inevitably send its price soaring. Read more from NY Post.
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