Tesla’s CEO, Elon Musk, has been an integral part of the cryptocurrency ecosystem. While he is evidently inclined towards the OG meme cryptocurrency, Dogecoin [DOGE], other meme-inspired tokens are also seen making the most of it. Floki Inu [FLOKI] was one among them.
It isn’t news that Dogecoin has been increasingly influenced by Musk’s tweets. Since Musk’s last tweet about Twitter’s new CEO, Floki Inu has also registered market highs. The asset even beat Dogecoin in terms of daily growth.
On Wednesday, Musk shared a tweet claiming to “let the dogs out.” This tweet caused a minor increase in Dogecoin; Floki Inu, on the other hand, increased by more than 30%. At press time, the meme coin was trading for $0.00005293, with a 31.39% daily increase. It should be noted that the asset bounced from a low of $0.00003827 to a high of $0.00005592.
As seen in the above chart, the previous surge was attained when Musk shared a picture of his Shiba Inu dog called Floki on Twitter. The uptrend in the market hints that FLOKI could persist in this notion. If it fails to do so, it could plummet to its immediate support level at $0.000037489. Additionally, the tokens’ 4-hour chart suggested that buyers are back in the fold.
This wasn’t all; thanks to Musk’s tweets, Floki Inu was thriving. The asset has attracted several listings and partnerships over the last couple of days.
Floki Inu & Dogecoin lock horns in the whale world
The whales also saw potential in the meme coin. According to WhaleStats, FLOKI was the second most purchased token by the 100 biggest BSC whales. Dogecoin, however, was the fourth most bought asset among these whales.
While the disparity between Floki Inu and Dogecoin is quite high in terms of value, the former seemed to be making headway.