Elon Musk sparked a FLOKI rally after posting a new video on social media. To demonstrate Grok’s video generation capabilities, Musk adopted Floki as his unofficial mascot.
FLOKI recently rebounded after its European ETP listing, but the Black Friday crash wiped out all of those gains. The 30% growth after Elon’s post greatly contributed to the token’s recovery.
Elon causes FLOKI rally
Elon Musk has had an explosive impact on the meme coin sector, with his business decisions and social media posts alike inspiring huge token movements.
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Today was no exception, as Elon posted a new video featuring his mascot Floki, and related assets rose dramatically.
Specifically, Elon posted this Floki video to demonstrate Grok’s AI-generated video capabilities. He also sparked a meme coin rally by teasing these features in development, but for now it doesn’t look like X will be splitting Grok videos into a separate app.
chaotic price fluctuations
In any case, Elon’s post was a big boon for meme coin FLOKI. After the cryptocurrency Black Friday earlier this month, the token crashed and has remained stagnant to this day.
However, with this new post, FLOKI has rebounded by about 30%, recouping much of the gains lost in the crash.
In other words, if Elon Musk continues to show interest in Floki in this way, it could spark a broader economic recovery. Earlier this month, FLOKI ETP was launched in Europe, giving the token a huge boost. But the Black Friday crash wiped out all those gains, and Elon appears to be the best prospect to reverse it.
Of course, Elon’s social media posts may not be a solid boost for FLOKI in the long run. It is impossible to predict which tokens he will focus on. While CZ has shown tenacious support for some projects, Musk’s support is often temporary.
Whatever happens next, this was a huge boost for FLOKI. We hope this project can continue to capitalize on its high-profile moments in the future.
