Elon Musk, widely recognized as the world's wealthiest individual, holds considerable influence within the cryptocurrency space, with his public interactions frequently leading to significant price movements for associated digital assets.
Most recently, Musk shared an AI-generated video on X (formerly Twitter) that humorously depicted his pet dog, Floki, as the chief executive officer of the social media platform. The video featured a dog dressed in a tie and glasses, positioned at a desk and surrounded by numerous documents.
Flōki is back on the job as 𝕏 CEO! pic.twitter.com/Zu29Dos24r
— Elon Musk (@elonmusk) October 20, 2025
As might be anticipated, the meme coin known as Floki (FLOKI) experienced an immediate price increase following the tweet. Its value climbed by 25% on a daily basis, reaching a ten-day high. Despite this notable surge, the dog-themed meme coin remains outside the top 100 cryptocurrencies by market capitalization, currently ranking as the 130th largest digital asset with an approximate market valuation of $800 million.
Historical Impact of Musk's Tweets on FLOKI
This is not the first instance where FLOKI has seen a rally subsequent to a humorous tweet from Elon Musk. During the Christmas season in 2021, Tesla's CEO posted an image on X showing his dog dressed in a Santa Claus costume with the caption, "Floki Santa." This interaction resulted in an extraordinary price surge of nearly 20,000% for the meme coin within the following 48 hours.
Further demonstrating this pattern, in February 2023, Musk humorously suggested his dog Floki was "great with numbers" and placed him in the executive's chair as he was seeking a new CEO for X (formerly Twitter). This lighthearted comment led to a significant double-digit increase in the meme coin's valuation within minutes of the post.