There’s More To Floki’s Rise Than Elon Musk Tweet; Details

Floki Inu Coin price: Going by past experience with Elon Musk’s tweets involving cryptocurrencies, Floki Inu coin could well be the most talked about coin for the next one month. Floki’s new avatar as the ‘Twitter CEO‘ might as well turn out to be a marketing strategy in Musk’s pursuit of finding the new CEO. He already announced that the hunt is on for the replacement and that Twitter could likely have the new CEO by end of 2023. Meanwhile, the crypto community is bullish of the fact that the Tesla CEO had finally tweeted something about cryptocurrencies after a long time.

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Floki, The Next DOGE Of Crypto Twitter?

After Elon Musk’s overwhelming validation of Dogecoin (DOGE) over the last two years, Floki now takes centerstage thanks to his support to memecoins. With this, the Floki supporters will buoyed in delight and a flurry of Twitter campaigns could follow soon, as was seen with the Shiba Inu (SHIB) and DOGE mania in early 2022. However, there’s more to the story for Floki than mere support and hype. Very recently, Floki developers had proposed a governance change involving burning of $55 million worth FLOKI tokens.

Speaking at an event on Wednesday, Musk said he was planning to step down as the social media platform’s head. His immediate priorities are to stabilize Twitter financially before the new CEO takes charge.

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