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Elon Musk’s Post Sends Meme Coin Soaring 20%

Collin Brown
By Collin Brown
Edited by Alex Stephanov
Elon Musk
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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.

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.

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Collin Brown
Collin Brown
Collin Brown is the managing partner of ETHNews. He is a seasoned Bitcoin investor who entered the crypto scene during its early stages and has since become a veteran trader in both the cryptocurrency and forex markets. His journey began in 2012 when he made his first investment in Bitcoin, marking the beginning of his deep-rooted passion for blockchain technology and digital assets. With a mission to demystify the intricacies of blockchain for the masses, Collin endeavors to bring the world of cryptocurrencies closer to everyone. His insightful reports are dedicated to shedding light on the latest developments and innovations within the realms of Bitcoin, Ethereum, Ripple (XRP), IOTA, VeChain, Cardano, Hedera, and numerous other cryptocurrencies. Marcel's in-depth analysis and commitment to providing accessible information make him a trusted source for both novice and experienced crypto enthusiasts. Collin's academic background includes a Master's Degree in Business Education, which has equipped him with a solid foundation in financial markets and investment strategies. Over the past decade, he has amassed invaluable experience working with various startups across the globe, enriching his knowledge and understanding of the ever-evolving cryptocurrency landscape. With his wealth of expertise and dedication to empowering others with crypto knowledge, Collin continues to be a driving force in the cryptocurrency community.
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