It seems Tesla CEO Elon Musk has nothing better to do than a tweet on new meme coins and create frenzies out of nothing. His tweets about Santa Floki, a new meme coin, sent it rocketing as much as 5,000%. This has been the same for his tweets about bitcoin and dogecoin. But, it plummeted in the market too.
Elon Musk had posted a picture of his pet dog named Floki on Christmas morning, captioned it as “Floki Santa”. It was an ordinary tweet with an ordinary picture. However, crypto enthusiasts connected it to a meme coin. And Floki Santa was a match! This coin has a HOHOHO ticker as well!
According to CoinMarketCap, at the time of writing this article, Santa Floki is up 520% in the last 24- hours. This is a BSC project. It wants to build a good brand, community, and purpose this holiday season. The coin believes in sharing wealth and wants to donate to charities like Save The Children.
It can be said that Floki Santa is relatively new but has been fueled by Elon Musk’s tweet. It’s not known whether the Tesla CEO is part of the BSC project. Or his innocent, meaningless tweet was misread by his followers. It remains unclear.
But then again, with Musk, anything and everything can be turned into money. He has the “Midas tweet wand”. A good example is a dogecoin, which can now be used to buy some of Tesla’s branded products and SpaceX is also accepting Dogecoin as payment for its DOGE-1 mission.