A cryptocurrency named after tech Billionaire Elon Muk’s dog, surged more than 4,000 per cent in value after the Tesla CEO posted a photo of his dog on Twitter. According to CoinMarketCap data, Santa Floki coin — named in a Christmas-themed reference to Musk’s Shiba Inu canine, was up an additional 500 per cent over the past 24 hours.
In a tweet on December 25, Musk posted a photo of his dog wearing a Santa costume with the caption “Floki Santa.” However, Musk’s tweet did not indicate any reference to Santa Floki coin but the Floki creators pounced on the opportunity to promote their coin. “@elonmusk just tweeted about us and we are humbled by this recognition!” the creators declared on Twitter.
The post of Musk’s dog in Santa Claus apparel garnered over 306,600 likes. Santa Floki’s value surged from $0.0000000129 to $0.000001718 on Monday.
Meanwhile,the creators of Santa Floki coin claim that the cryptocurrency based on the philosophy that those who want to do…