FLOKI price up by over 23% after Elon Musk’s X post – Meme coin sector rises

Key points

  • On October 20, Musk announced that Floki is back as X CEO.
  • The entire meme coin sector is up by 6% today.
Rada Mateescu

On October 20, Elon Musk pumped FLOKI meme coin’s price with an X post. The whole meme coin sector is on the rise today, with FLOKI as leader.

Floki is the name of a Shiba Inu that Musk has adopted in 2021. Musk previously shared photos of Floki on social media calling his the CEO of Twitter back in 2023.

BUY MEME COINS

Musk Announced that Floki is Back as X CEO

Earlier today, Musk announced that Floki is back as the X CEO and shared a clip featuring a Shiba Inu at a table.

On February 15, 2023, Musk shared a photo featuring a Shiba Inu, calling him the “new CEO of Twitter” which “is amazing,” and “so much better than the other guy”, referring at the ex CEO of the platform, Jack Dorsey.

Musk’s X post on October 20 triggered a price rally for the meme coin with the same name, FLOKI.

FLOKI Price Trajectory

At the moment of writing this article, FLOKI is trading above $0.000083, up by almost 24% in the past 24 hours.

The meme coin has a market cap of over $801 million and more than $404 million in 24-hour trading volume, up by over 630%.

FLOKI price in USD today
FLOKI price in USD today

FLOKI is one of the best meme coins that you can buy in 2025.

Meme Coin Sector on the Rise

The entire meme coins sector is up by over 6% today. The dog-themed coins are up by over 6.3% in the past 24 hours, surpassing $40,66 billion in total market cap, CoinGecko data shows.

The 24-hour trading volume of dog-themed coins is over $2,9 billion.

The trending coins on CoinGecko are Floki, Shiba Inu, and DOG on Bitcoin, and the top gainers are FLOKI, doginme, and Conan Meme.

CoinGecko data
CoinGecko data

DOGE is up by over 1% in the past 24 hours, BONK surged by more than 3%, SKI is by over over 29%.

top dog-themed coins by market cap - CoinGecko data
top dog-themed coins by market cap – CoinGecko data

DOGE remains the top dog-themed coin by market cap, followed by SHIB, BONK and FLOKI.

BUY MEME COINS

Share This Article
Romanian journalist turned Bitcoin advocate since 2017, promoting financial freedom and principled innovation - learn, adapt, build, defend truth. Embracing the future without compromising human values. Featured in Bloomberg, backed by Bitcoin ecosystem leaders, building on crypto.ro.