New Delhi. Tesla CEO Elon Musk’s tweet affecting the cryptocurrency industry has once again done wonders. Due to one of his tweets, there has been a tremendous boom in cryptocurrencies. In fact, SpaceX founder Elon Musk posted a picture of his dog, which saw a manifold jump in the price of the cryptocurrency named Santa Floki. Let us tell you that the cryptocurrency is named after the dog of Floki Elon Musk. When Allen posted a picture of Floki in a Santa costume, the price of the cryptocurrency soared by more than 4,000 percent.
Elon Musk posted the picture on December 25 with the caption ‘Floky Santa’. However, his tweet made it look like he just tried to tell Dog’s Santa dress. But the cryptocurrency creators saw this tweet by Musk as an opportunity and saw it as effective in increasing the price of the coin.
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Let us tell you that Santa Floki (HOHOHO), a BEP20 token, which was launched in addition to the Binance smart chain, rose 3,944 percent by nearly four thousand percent on December 26 before reducing a significant part of its gains.
In fact, the post of Musk’s dog in a Santa Claus costume got more than 306,600 likes. The price of Santa Floki rose from $0.0000000129 on Monday to $0.000001718. Meanwhile, the creators of the Santa Floki coin claim that those who want to do good should come together and contribute to the cause. We believe in the principles of distributing the money earned in the right way. Along with this, organizations like saving children are also planning to donate.
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This isn’t the first time Musk’s tweet has done wonders. Earlier in October, Musk had tweeted a picture of a Shiba Inu meme going to the moon. At that time, the token was trading at $0.000026 (Rs 0.0020). According to CoinMarketCap, his tweet caused the token to jump nearly 50 percent and hit a high of $0.000044 (Rs 0.0033).
Elon Musk is an endorser of the meme coin. Musk recently supported Dogecoin in a meme, after which the price of this coin surpassed that of the Ethereum cryptocurrency.
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