Elon Musk has revived interest in FLOKI
Date: 2025-10-21 Author: Gabriel Deangelo Categories: CRYPTO PAYMENTS
A recent post by Elon Musk on X (formerly Twitter) became a catalyst for the rapid rise of FLOKI, which had previously lost ground after a decline in early October. The Tesla founder demonstrated the video generation capabilities of Grok and used Floki as the main character, which immediately sparked a surge in interest in the token.
The Musk Effect and the Rise of FLOKI
Over the past few years, Musk has repeatedly demonstrated his ability to influence the cryptocurrency market. His comments and posts on social media have often caused sharp price fluctuations. FLOKI is another example: after the video's publication, the token's price rose by approximately 30%, recouping the collapse that occurred on Black Friday, October 10th.
FLOKI had previously attracted investor attention thanks to the launch of a European ETP, but the market downturn quickly erased this success. Musk's renewed impetus actually helped the project regain audience interest and return traders' attention to the memecoin sector.
How the Post Changed Market Sentiment
Musk's post couldn't have come at a better time. Prior to this, FLOKI had shown weak activity and remained under pressure after the October decline. However, the famous entrepreneur's mention of the token gave the market confidence. Even the short-lived audience reaction demonstrated how significant Musk's influence on memecoins remains.
If Musk continues to publish Floki content, the price could see further growth. However, experts note that the businessman's influence is short-term and does not guarantee stable support in the future.
Memcoins and the "Dog Effect"
FLOKI and Dogecoin share a similar concept—both projects are built around the "dog" theme. In the past, Dogecoin was considered Musk's favorite, and his repeated mentions of the coin sparked strong market reactions. Now, the billionaire's attention has temporarily shifted to FLOKI, once again confirming the power of social activism in the crypto industry.
However, analysts caution investors against blindly following trends created by media personalities. While price spikes can generate short-term profits, the long-term prospects of meme coins depend primarily on their actual utility and community interest.
FLOKI has now returned to the spotlight, but the question remains as to how long it will last. History shows that Elon Musk's influence on the crypto market can both fuel rallies and trigger equally rapid pullbacks.
