Canine Crypto Coins Jump After Elon Musk Sends DOGE-Themed Tweet

Traders are pumping all things Shiba Inu after Twitter CEO Elon Musk posted a meme involving his dog Floki posing as the new boss of Twitter.

CoinDesk data shows that the price of DOGE has risen 3% in the last hour after the tweet or 4.7% on-day.

Meanwhile, Floki, which takes its name from Musk’s pet is up 27% in the last hour or 34% on-day.

SHIB is up a more modest 1% on-day, or 3.4% in 24 hours, while BONK is flat.

This isn’t the first time that DOGE has spiked on a Musk-related tweet. In late January a report from the Financial Times that said Twitter is designing a system to permit crypto payments, sent the memecoin soaring.