FLOKI, the Shiba Inu-inspired meme cryptocurrency, surged 27% on Monday after Elon Musk shared a lighthearted submit that includes his canine, Floki.
Within the brief video clip, the canine appeared dressed because the CEO of X (previously Twitter), with Musk captioning, “Floki is again on the job as X CEO.”
The submit, which revived an previous web joke from 2023, rapidly went viral and reignited curiosity within the token.
FLOKI Rallies on Heavy Buying and selling
Based on market knowledge, the FLOKI token value jumped from $0.00006909 to $0.00008578 shortly after Musk’s submit. The sudden spike additionally drove a 627% rise in day by day buying and selling quantity, underscoring renewed optimism amongst merchants.
As of press time, FLOKI’s market capitalization stands at $816.02 million, rating it the 82th largest cryptocurrency globally. Regardless of the surge, the token stays 75% beneath its all-time excessive of $0.0003449, recorded on June 5, 2024.
Musk’s Continued Affect on Meme Cash
The most recent episode reinforces Musk’s persistent affect over digital belongings, particularly meme-based tokens. Over the previous few years, he has moved markets with transient mentions or jokes about cash comparable to Dogecoin, Kekius Maximus, and CumRocket.
This explicit submit concerning the “CEO of X” comes roughly three months after Linda Yaccarino resigned from the identical function. That timing has solely added momentum to the continuing on-line dialogue and hypothesis.
Flōki is again on the job as 𝕏 CEO! pic.twitter.com/Zu29Dos24r
— Elon Musk (@elonmusk) October 20, 2025
European ETP Marks Institutional Breakthrough for FLOKI
Earlier this month, FLOKI achieved a main milestone in Europe with the launch of its first Trade-Traded Product (ETP). The Valour Floki SEK ETP, issued by Valour, a subsidiary of DeFi Applied sciences, started buying and selling on Sweden’s Highlight Inventory Market on October 2, 2025.
The product permits institutional and retail traders to realize regulated publicity to FLOKI with out holding the token immediately. This improvement makes FLOKI the second meme coin, after Dogecoin, to succeed in this degree of institutional entry in Europe. It is usually the one BNB Chain mission, aside from BNB itself, to safe an ETP itemizing.
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