Tesla CEO Elon Musk, known for his vocal support of cryptocurrencies, particularly Dogecoin (DOGE), has once again made waves with a social media post. This time, Musk humorously targeted the memecoin Floki Inu (FLOKI).
Musk shared a post indicating that his Shiba Inu dog, Flōki, has been reinstated as the CEO of X (formerly Twitter). The post stated, "Flōki has been reinstated as CEO of X!"
Flōki is back on the job as 𝕏 CEO! pic.twitter.com/Zu29Dos24r
— Elon Musk (@elonmusk) October 20, 2025
This statement served as a humorous nod to Musk's history of playful commentary and his tendency to blend humor with business discussions. Following Musk's post, the price of Floki Inu (FLOKI) experienced a significant increase.
The memecoin surged by over 15% shortly after Musk's announcement on X.