Jump to content
Create New...

All It Took Was A Tweet: FLOKI Jumps 27% After Musk Mentions It

ExpertFX Podcast - No time to read? Let me read it for you. Press Play!

Elon Musk’s casual post about his dog sent shockwaves through meme-coin markets on Monday, with FLOKI jumping roughly 27% in minutes.

According to reports, Musk posted “Flōki is back on the job as X CEO!” alongside an AI-made clip showing his Shiba Inu in a suit.

The token’s price moved from about $0.0000657 to roughly $0.0000847, and some sources recorded intraday highs near $0.00009 after traders piled in.

Musk Post Sparks Rally

Based on market coverage, the move was quick and driven by social media momentum. Traders who watch meme tokens said the tweet and the short video triggered a buying wave that pushed prices up by about 20–29% depending on the exchange.

Volume surged at the same time. The overall memecoin market cap rose nearly 6% to close to $64 billion as speculative bets picked up.

A_aa9eaa.png?resize=544%2C673

Market Activity And Metrics

Activity was heavy across spot and derivatives markets. Reports show derivatives volume spiked roughly 660% to $280 million while open interest climbed about 165% to $37 million.

That kind of move suggests many traders were not only buying the token but also opening leveraged positions. Some exchanges flagged fast order flow and a quick rise in short-term trading volumes.

Community Buzz And Immediate Reaction

The Floki project has built a large online community that watches every mention of the name closely. Messages and posts amplified Musk’s share, and that amplification helped fuel the rapid price rise.

But it wasn’t a universal buy signal; certain wallets moved to take profits during the rally. Based on on-chain snapshots, a number of large holders sold small slices as the price spiked.

2P8YSRBU Derivatives Surge Raises Questions

Analysts and market watchers warned that heavy derivatives activity can push prices both ways. When leverage flows into a small market, moves can be magnified.

A rapid inflow of speculative money can lift prices fast, and it can also trigger sharp drops when traders unwind positions.

Several analysts suggested that gains tied to a single social post are fragile without steady buying behind them.

Exchange Listings And Liquidity Notes

Liquidity varied between venues. Some smaller platforms showed deeper price swings because their order books are thin. Larger exchanges saw volume rises but less dramatic price gaps.

Based on figures, traders on decentralized platforms captured most of the early moves, while centralized venues absorbed the later orders.

Featured image from Gemini, chart from TradingView

Latest comments

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Terminal Visitor
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

TRADING HUB
● MARKET OPEN
Loading...
RETAILS SENTIMENT
INVERSE
  • Loading...


×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use of Use and Privacy Policy

Search In
  • More options...
Find results that contain...
Find results in...

Write what you are looking for and press enter or click the search icon to begin your search

Live Global Sessions
Real-time NYSE Data Feed
Enjoying ExpertFX? 📈
Your review helps our community grow. Rate the app in seconds.