Recently, as the cryptocurrency market, especially Bitcoin, has become hotter than ever, the name Elon Musk has been mentioned more frequently. Not only is he a strong supporter of cryptocurrencies, but Elon Musk is also believed to have the ability to “work magic,” manipulating their prices simply with a few lines posted on his social media. In fact, it has been shown that whether by coincidence or design, Elon Musk’s actions often coincide with market fluctuations. So much so that the billionaire’s personal account has also seen a surge in followers in just a few days.
To prove his magical abilities, just recently, Elon Musk made a move that sent the online community into a frenzy. With just a light post of a picture of his pet dog along with the caption “Floki has arrived“, Elon caused the market to tremble, most notably with cryptocurrencies themed around Floki experiencing tremendous growth.
According to updates, on the same day of September 13 – right after Elon Musk posted his new status, the price of Shiba Floki hit a record increase, even nearing 1,000%, becoming the strongest rising cryptocurrency. Meanwhile, other cryptocurrencies like Floki Inu and Floki Shiba also surged by 92% and 15% respectively in just one day. Even another “animal” themed coin that has been magically influenced by “Master Musk” multiple times, Dogecoin, also rose nearly 10% before dropping back to its initial level shortly after.
In fact, this is not the first time Elon Musk has demonstrated his “magic” in the cryptocurrency market. Previously, just naming his pet dog Floki was enough to make the Shiba Inu cryptocurrency rise by over 16%. As for Dogecoin, with just one line “Who let the Doge out”, Elon Musk caused the value of this coin to soar to more than three times its value before he posted the status in just one week.
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