**Floki Inu (FLOKI) Surges Nearly 30% Following Elon Musk’s Viral CEO Video**
Floki Inu (FLOKI), the popular meme-inspired cryptocurrency, surged nearly 30% in the past 24 hours, emerging as one of today’s top-performing tokens. The rally came shortly after billionaire Elon Musk shared an AI-generated video of his Shiba Inu “Floki” sitting at a CEO desk, sparking renewed excitement in the meme coin market.
### Elon Musk’s Post Sends Floki Up 30%
Floki saw a strong rally late Monday after Elon Musk posted a video depicting his Shiba Inu dog “Floki” dressed as the CEO of X. This playful nod to Musk’s past posts, which often influence dog-themed cryptocurrencies, instantly ignited enthusiasm among investors.
The post triggered an 817% surge in FLOKI’s trading volume, pushing 24-hour transactions beyond $656 million. Concurrently, the token’s price climbed to around $0.0000882, marking its highest level in nearly two weeks.
### Strengthened Meme Coin Sentiment
The rise in FLOKI coincides with broader bullishness across meme coins, as other tokens like Dogecoin (DOGE) and Shiba Inu (SHIB) also recorded modest gains in early trading sessions.
Social engagement for FLOKI jumped over 65% on platforms such as X, Reddit, and Telegram, according to on-chain analytics from Santiment. Additionally, the Fear & Greed Index in crypto markets shifted from 37 (Fear) to 52 (Neutral), indicating growing retail investor participation.
### Floki Chart Eyeing $0.00015 Target
Elon Musk’s latest endorsement has fueled a breakout move for Floki, which is currently displaying a strong bullish setup near the key demand zone of $0.00009. Analysts highlight that FLOKI has formed a bullish pattern on the weekly chart—a potential signal for an upcoming rally.
Although the token recently lost its trendline support, it is now retesting this critical level. If FLOKI closes above $0.00009, it could target $0.00011, with a possible extension toward $0.00015 should buying volume remain strong. Conversely, failure to reclaim this support may lead to a decline toward $0.00004.
### Current Market Snapshot
As of now, Floki is trading around $0.00008, up nearly 10% in the last few hours. Its market capitalization has risen to approximately $712.85 million, reflecting renewed investor interest in the meme coin.
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Stay tuned for more updates on Floki Inu and the evolving meme coin market.
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