Tesla founder tweets about his dog, and TV show suddenly pumps memecoin
Floki Inu coin price skyrocketed after one mention by Elon Musk on Twitter. The Tesla founder’s pump power seemed to have faded and his recent comments about Dogecoin or Bitcoin had no effect on the crypto market. But apparently the opposite is true.
Just by mentioning his dog Floki, named after a character from the TV series Vikings, Musk managed to encourage investors to buy a coin of the same name, Floki Inu (FLOKI), and the token’s price surged by 20% in about an hour.
Floki Inu is a clone of the already famous Memecoin Dogecoin (DOGE) and Shiba Inu (SHIB), but with a bias towards the Viking theme. Originally invented for entertainment, these tokens are now actively being used as a means of payment, and some of them are even working on their own DeFi infrastructure.
What is the Floki Inu (FLOKI) project?
Floki Inu is not a little-known project and spends a lot of effort on its own promotion. For example, the famous boxer Tyson Fury appeared in a T-shirt with an image of a dog wearing a Viking helmet, the symbol of the project. The project itself is actively engaged in advertising, putting up banners all over the world, from the U.S. to London to Turkey and dealing with major crypto exchanges to get listed.
Among other things, the Floki Inu team yesterday unveiled the first in-house DeFi protocol project under the FlokiFi wing, Project L. While FlokiFi is the entire project ecosystem, Project L is a crypto locker solution that allows it to lock and invest assets. In ERC20, BEP20 and ERC-1155 networks.
