The meme cryptocurrency Dogecoin (DOGE) rose above $0.087 on a series of Elon Musk tweets.
The entrepreneur introduced his Shiba Inu dog named Floki as Twitter’s CEO and a new member of the company’s board of directors.
The new CEO of Twitter is amazing pic.twitter.com/yBqWFUDIQH
— Elon Musk (@elonmusk) February 15, 2023
Prices of Dogecoin’s follower, the Floki (FLOKI) coin surged even more — the asset rose by almost 40% in 24 hours.
The price of Shiba Inu (SHIB) reacted cautiously, rising about 5% in 24 hours.
In October 2022, Dogecoin posted a sharp rise after Musk’s Twitter purchase.
In November, the coin’s quotes surged on the back of the billionaire’s update to the social network.