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

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 consolidation, 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