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Dodge and Shiba prices rose in response to Elon Musk’s joke

Elon Musk, who is looking for the right person to run Twitter, jokingly announced a dog as the new CEO of Twitter, driving up the price of Dogecoin (DOGE), Shiba Inu (SHIB) and FLOKI (FLOKI). At the time of writing, all three memecoins have increased in price between 3.9 and 6.1 percent.

According to Wallex and quoted by Bitcoinist, Elon Musk wrote to his followers by attaching a photo of a Shiba Inu dog:

The new CEO of Twitter!

Twitter’s new CEO is awesome.

In this picture, the name “Floki” and the title “Senior Executive Director” can be seen. In another tweet, Elon Musk wrote: “Much better than that other option.” In response to the tweet, Dogecoin creator Billy Marcus said, “I guess he’s the only one crazy enough to take the job.”

Image of Elon Musk's other tweet
Image of Elon Musk’s other tweet

Elon Musk continued his joke with two more tweets. First, he posted a picture of a Shiba Inu dog next to some balance sheets and wrote: “He’s great with numbers!” He then posted another picture of the dog in a Steve Jobs-like outfit, adding: “He’s handsome.”

These tweets were published in a situation where these days Musk is under pressure from the media because of his actions as the owner of Twitter. He had announced in December that he would step down from Twitter once a suitable candidate was found. At the time, he added that Twitter’s financial situation was dire and that the company was headed for bankruptcy, and that the new CEO would have a difficult task.

The price increase of Shiba Inu may be affected by the response of Shitoshi Kusama, the chief developer of the ecosystem of this currency, to Elon Musk’s tweet.

The post Dodge and Shiba prices rise in response to Elon Musk’s joke appeared first on Wallex Blog. appeared.


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