Elon Musk Announces Dogecoin’s Shiba Inu Dog as the New CEO of Twitter

Lavina Daryanani
Source: Forkast News

Elon Musk recently announced the “new” CEO of Twitter. He tweeted a picture of Dogecoin’s Shiba Inu dog wearing a black T-shirt featuring the CEO tag towards the left. Musk exclaimed that the new executive is “amazing” and sarcastically claimed that the dog is “so much better” than him.

In other subsequent tweets a couple of minutes later, Musk first mentioned that the new CEO is “great with numbers,” and then appreciated his “style.”

Also Read: Huobi to Soon List Shiba Inu Ecosystem’s BONE token?

Under one of the tweets, Dogecoin founder Billy Markus sarcastically tweeted that the dog was “the only one crazy enough to take the job.” Reverting back to that in the same chucklesome way, Musk asserted that “He is perfect for the job.”

Well, at the first glance, one would tend to associate the picture with Dogecoin’s Shiba Inu dog. However, if both the images are closely looked at, it can be seen that the name of the Twitter CEO is “Floki.”

Also Read: Shiba Inu’s Shytoshi Kusama: “I don’t have” a Release Date For Shibarium

Dogecoin, Shiba Inu, Floki Inu price reactions

Dogecoin was the first cryptocurrency to outrightly react to the tweet. In just a matter of minutes, it inclined by nearly 6%. Shiba Inu’s reaction was more passive. It rose by only 1.6%. After claiming local peaks, both their prices started correcting, indicating that the hype-pump was too good to last.

Floki Inu’s tale was, however, different. After Musk jokingly tweeted about the new CEO, the price remained inert for a few minutes. Only after a brief while it started pumping. In a little over half-an-hour after the tweet, Floki Inu was up by more than 46%. Unlike the other two, it had not yet initiated a correction, bringing to light the ecstasy of the community.

At press time, Floki Inu was trading at $0.00003245, while Dogecoin and Shiba Inu were priced $0.08507 and $0.00001278 respectively.


Also Read: Dogecoin [DOGE] Mid-February 2023 Price Prediction