Elon Musk Triggers Another Meme Coin Rally
BeInCrypto
Elon Musk's social media post featuring Floki as a mascot caused the FLOKI meme coin to rally approximately 30%.Summary
Elon Musk significantly impacted the meme coin sector through his business moves and social media activity. Recently, he posted a video demonstrating Grok's AI video generation capabilities, using the Floki mascot, which caused the related FLOKI token to surge dramatically.
This 30% growth provided a substantial rebound for FLOKI, which had previously seen its gains from a European ETP listing erased by the recent "Black Friday" crypto crash. While Musk's endorsement provided a much-needed boost, the article cautions that his influence on specific meme coins like FLOKI may only be momentary, unlike more persistent support shown by figures like CZ for other projects.
(Source：BeInCrypto)