Floki Inu Crypto Coin Spikes After Elon Musk Tweets Photo of His Dog

The price of the Elon Musk-inspired cryptocurrency token Floki Inu temporarily spiked on Sunday night after the SpaceX and Tesla boss tweeted a picture of his dog of the same name.

Floki Inu, which was inspired by Musk’s Shiba Inu dog Floki, was valued at around $0.000063 before its brief blip, but temporarily reached a high of around $0.000075, CoinMarketCap data shows.

Floki Inu failed to maintain its increase, though. Less than an hour after the near-vertical price jump, the coin had sunk back to its previous value and then continued to sink.

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