The founder of Tesla and SpaceX, Elon Musk, again stirred up the cryptocurrency market on Friday, leaving a seemingly harmless message about his new dog.
He said that he chose a nickname for his Shiba Inu puppy. His name will be Floki. In early May, Elon Musk first announced that he intends to take a Shiba Inu puppy. Then the cost of the Shiba Inu cryptocurrency increased by 68% in an hour.
After Friday's announcement by Musk, the Shiba Inu exchange rate increased by 26%, but later corrected. However, another thing is more interesting: 9 minutes after the appearance of Musk's post on Twitter, the Floki token was created on the decentralized Uniswap crypto exchange. Within an hour, its price increased by 795%, to $0.000000001100. As a result, the growth was about 3500%.
Do you think this is another attempt to influence the crypto market? Will the project be eco-friendly, because in the case of chia, everything was not so positive? There are already green projects on the market, for example,
Crypton , for mining which only needs Internet access and a PC.
Is all the excitement around the project really a hype? Like chiahype and etc.?
Unconsciously Elon Musk has hypnotized many traders since his presence in the Dogecoin generator community, Maybe this is a form of Elon Musk's strategy to start his manipulation again using other Crypto, but what makes me wonder why ElonMusk prefers such coins over coins who is better in the crypto market, or maybe he just likes to seek hype in the crypto community???