Floki price rallies after Elon Musk’s tweet before brutal crash
The Viking dog-themed memecoin FLOKI exhibited a sharp but short-lived double-digit rally after a single tweet from Elon Musk, drawing renewed attention from traders. On October 20, Musk’s tweet, “Floki is back on the job as X CEO,” along with a Grok-generated video of a Shiba Inu dog, stirred fresh interest in the memecoin within the crypto community. Flōki is back on the job as 𝕏 CEO! pic.twitter.com/Zu29Dos24r — Elon Musk (@elonmusk) October 20, 2025 Musk’s tweet influenced FLOKI to record a price surge of over 32.7% from $0.0000665 to a high of $0.0000883. Like Dogecoin, this isn’t the first time the token has rallied in response to a Musk tweet. In February 2023, he jokingly named the Shiba Inu dog “Floki” as X’s (formerly Twitter) new CEO after stepping down. This triggered a triple-digit price rally. FLOKI’s reversal: from top gainer to top loser During its surge phase (before the crash), FLOKI briefly topped the list of 24-hour gainers. Th...