One image, that’s all it took for Elon Musk to ignite the meme coin market once again. The billionaire posted a photo of his Shiba Inu, Floki, dressed in a business suit behind a desk with the caption: “Flóki is back on the job as X CEO!”
The post went viral within minutes, sending FLOKI, the token inspired by Musk’s pet, surging more than 20% to $0.00008043, according to TradingView. Trading activity exploded as the token briefly topped CoinGecko’s trending list, with derivatives volume jumping 663% to $283 million and open interest climbing 165% to $37 million, Coinglass data showed.
Musk Reawakens the Dog Coin Hype
This isn’t the first time Musk has shaken up the crypto world with a single tweet. His posts featuring Floki have historically triggered sharp rallies in dog-themed tokens, from Dogecoin to Shiba Inu. But this latest episode underscores how his influence still dominates meme coin sentiment in 2025.
Flōki is back on the job as 𝕏 CEO! pic.twitter.com/Zu29Dos24r
— Elon Musk (@elonmusk) October 20, 2025
FLOKI’s official X account quickly embraced the moment, declaring the token “the people’s crypto.” The team also pointed to key milestones, including its European ETP launch and recent Robinhood listing, as signs that the project is evolving beyond meme status into a legitimate player in the broader crypto landscape.
As traders rush to front-run the renewed hype, Musk’s post once again proves one thing: in crypto, a single meme can still move markets.
