The post Floki price rallies after Elon Musk’s tweet before brutal crash appeared on BitcoinEthereumNews.com. The Viking dog-themed memecoin FLOKIi exhibited a sharp but short-lived double-digit rally after a single tweet from Elon Musk, drawing renewed attention from traders. On October 20, Musk’s tweet, “Floki is back on the job as X CEO,” along with a Grok-generated video of a Shiba Inu dog, stirred fresh interest in the memecoin within the crypto community. https://x.com/elonmusk/status/1980216257069945132 Musk’s tweet influenced FLOKI to record a price surge of over 32.7% from $0.0000665 to a high of $0.0000883. Like Dogecoin, this isn’t the first time the token has rallied in response to a Musk tweet. In February 2023, he jokingly named the Shiba Inu dog “Floki” as X’s (formerly Twitter) new CEO after stepping down. This triggered a triple-digit price rally. FLOKI’s reversal: from top gainer to top loser During its surge phase (before the crash), FLOKI briefly topped the list of 24-hour gainers. The global cryptocurrency market is down 3.1%, with Bitcoin and Ethereum in red strides after a 3–4% price drop, while FLOKI was the only token rallying more than 5%. FLOKI on Top Crypto Gainers (During rally). Source: CoinMarketCapThe rally, however, was short-lived. The memecoin dropped from the top gainer spot to join the top losers. At the time of publication, FLOKI registered a 6.8% drop over the last 24 hours and traded at $0.00007405. Its daily trading volume, which peaked at $673.79 million after an 807% increase during the rally, has now declined to $442 million.FLOKI on Top Crypto Losers (After crash). Source: CoinMarketCapDespite being short-lived, the brief rally lifted 9.54 trillion FLOKI tokens in circulation to a market cap of $712.4 million. FLOKI’s 24-hour highs do not surpass the previous highs FLOKI reached in the first week of October. The current price is 32% below its recent high. According to CoinMarketCap, the memecoin hit a… The post Floki price rallies after Elon Musk’s tweet before brutal crash appeared on BitcoinEthereumNews.com. The Viking dog-themed memecoin FLOKIi exhibited a sharp but short-lived double-digit rally after a single tweet from Elon Musk, drawing renewed attention from traders. On October 20, Musk’s tweet, “Floki is back on the job as X CEO,” along with a Grok-generated video of a Shiba Inu dog, stirred fresh interest in the memecoin within the crypto community. https://x.com/elonmusk/status/1980216257069945132 Musk’s tweet influenced FLOKI to record a price surge of over 32.7% from $0.0000665 to a high of $0.0000883. Like Dogecoin, this isn’t the first time the token has rallied in response to a Musk tweet. In February 2023, he jokingly named the Shiba Inu dog “Floki” as X’s (formerly Twitter) new CEO after stepping down. This triggered a triple-digit price rally. FLOKI’s reversal: from top gainer to top loser During its surge phase (before the crash), FLOKI briefly topped the list of 24-hour gainers. The global cryptocurrency market is down 3.1%, with Bitcoin and Ethereum in red strides after a 3–4% price drop, while FLOKI was the only token rallying more than 5%. FLOKI on Top Crypto Gainers (During rally). Source: CoinMarketCapThe rally, however, was short-lived. The memecoin dropped from the top gainer spot to join the top losers. At the time of publication, FLOKI registered a 6.8% drop over the last 24 hours and traded at $0.00007405. Its daily trading volume, which peaked at $673.79 million after an 807% increase during the rally, has now declined to $442 million.FLOKI on Top Crypto Losers (After crash). Source: CoinMarketCapDespite being short-lived, the brief rally lifted 9.54 trillion FLOKI tokens in circulation to a market cap of $712.4 million. FLOKI’s 24-hour highs do not surpass the previous highs FLOKI reached in the first week of October. The current price is 32% below its recent high. According to CoinMarketCap, the memecoin hit a…