The year 2021 was definitely dominated by Elon Musk's tweets about the crypto money industry, but these tweets and their impact do not seem to be over yet. A tweet in the last days of the year, when meme coins and stocks broke records, made an unexpected crypto money break a record.
Meme coin Santa Floki has skyrocketed in the last 24 hours after Elon Musk's tweet about his dog.
Named in a Christmas-themed reference to tech billionaire Musk's Shiba Inu dog, the Santa Floki coin has surged 500 percent in the last 24 hours, according to CoinMarketCap data.
Santa Floki's value rose from $0.000000129 to $0.000001718 on Monday.
Musk shared a photo of his dog wearing a Santa costume with the caption "Floki Santa". Musk's tweet made no reference to the Santa Floki coin, but the Floki creators did not miss the opportunity to promote their coin.
"@elonmusk just tweeted about us and the recognition is embarrassing!"
Meanwhile, the creators of the Santa Floki coin claim that the cryptocurrency is based on the philosophy that those who want to do good should come together and contribute to the less fortunate.
"We believe in the principles of sharing wealth through passive income and planning to donate to respected charities like Save The Children."
This Is Not A First For Elon Musk
Earlier, in October, Musk tweeted a photo of the Shiba Inu meme going to the Moon. At that time, the coin was trading at $0.0000026 (0.0020 rupees). After this tweet, the meme coin jumped nearly 50 percent and hit $0.000044.
Elon Musk once changed his Twitter bio to "Former CEO of Dogecoin". Dogecoin was created in 2013 by software engineers Billy Markus and Jackson Palmer as a faster but “fun” alternative to Bitcoin. It started out as a satire on the myriad scams that emerged at the time, and derives its name and logo from a Shiba Inu meme that went viral a few years ago.