The crypto space has seen another amazing rally fueled by a tweet from the world’s richest man, Elon Musk.
The influence of Elon Musk doesn’t just stop at Dogecoin (DOGE), but also provides impetus for meme coins with dog motifs such as Shiba Inu (SHIB), Dogelon Mars (ELON) and even Baby Doge Coin (BABYDOGE).
Even the tweets with no obvious exposure to Elon Musk’s digital assets have resulted in amazing returns on the coin memes that the community deems relevant.
The last one was on December 25th when Elon Musk shared a photo of his dog named Floki in a Santa suit and he tweeted “Floki Santa”.
https://twitter.com/elonmusk/status/1474860884359094275?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener
This is completely normal because it is Christmas time. However, a cryptocurrency with a similar name, Santa Floki (HOHOHO), gained thousands of percent before being dumped shortly afterwards.
The creators of the digital asset of the same name, but written in reverse, decided to take this opportunity and to explain that Musk tweeted about their project, not just dogs like he’s done in the past.
The creators of Santa Floki also claim that their cryptocurrency is based on the philosophy that those who want to do good should meet and contribute to those who are less fortunate.
“We believe in the principles of wealth-sharing through passive income and plan to donate to reputable charities like Save The Children.”
The HOHOHO price rose from $ 0.00000012935 to a new all-time high (ATH) of $ 0.00000245 on Monday, up 18,840% in about 48 hours.
HOHOHO price table | Source: CoinGecko
Since then, the HOHOHO price has fallen more than 60% and is currently trading at $ 0.00000079.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
Dogecoin (DOGE), once the darling of the meme coin world, has been facing increasing scrutiny…
According to data from HODL15Capital, major US Bitcoin ETF outflows have marked a gloomy week…
The defendants, identified as members of the Vietnamese cybercrime group "FIN9," are accused of conducting…
Winklevoss donated twins $1 million each in Bitcoin to Donald Trump's presidential campaign, but this…
Consensys' head of litigation, Laura Brookover, said that the Consensys SEC lawsuit for clarity is…
Eight spot Ethereum ETF applicants, including Fidelity and BlackRock, amended SEC filings on June 21.
This website uses cookies.