- Elon Musk has made several tweets of a dog seated on his CEO seat.
- There has been anxiety around the broader crypto community that Twitter will add crypto.
- Following the tweets, all dog-themed tokens are on the rise.
A majority of meme coins are soaring after Twitter CEO Elon Musk tweeted a photo of his dog posing as the Twitter CEO.
The new CEO of Twitter is amazing pic.twitter.com/yBqWFUDIQH
— Elon Musk (@elonmusk) February 15, 2023
While Musk did not mention anything to do with cryptocurrencies, the crypto community have read the tweet to mean a possible inclusion of crypto payments on Twitter with the most possible one being Dogecoin (DOGE).
Today meme coins’ price surge comes against the backdrop of a sharp drop in the past few days.
FLOKI up 40%
At press time, the price of FLOKI was up 40.32% to trade at $0.00003107. The meme coin is among the top meme coins gainers coming at number two behind Dogcoin (DOGS) token which had gained 40.67%.
FLOKI price chart. Source: Coinmarketcap
Floki Is probably the highest meme coin gainer since Elon Musk’s shiba inu dog is called “FLOKI.”
Dogecoin up 6%
Dogecoin and Shiba Inu are probably the biggest beneficiaries of Musk’s tweets owing to the fact that they were in a free fall in the past few days.
The price of DOGE was up 6.03% in the past 24 hours but still down 5.8% over the past seven days. Shiba Inu (INU) price has dropped by 8.81% in the last seven days but is up 4.41% today.
Generally, almost all canine meme tokens are on the rise today. However, it is not clear how long Elon’s tweet excitement will last.