Floki Inu (FLOKI) has become the most talked about coin in the memecoin market, gaining approximately 30 percent in value in the last 24 hours. The rise came after Elon Musk shared an AI video showing his Shiba Inu dog, Floki, as the CEO. After the sharing, Memecoin’s transaction volume suddenly exploded and the price rose to the highest level of the last two weeks.
Elon Musk’s Share Brought Record Volume to Floki
Shared on social media platform X on Monday night video It showed Musk’s dog in his role as CEO, in a suit and at a desk. While entertaining content becomes viral in a short time, FLOKI‘s transaction volume increased by 817 percent to 656 million dollars. Memecoin’s price climbed to $0.0000882, reaching its highest level in the last two weeks. Investor interest has revived as the market cap approaches $712.85 million.
Analysts believe that Musk’s past post was also related to Dogecoin. 
$0.193891 and reminded that it animates Shiba Inu-like beings. While shares about Floki increased by over 65 percent on social media platforms, centimeter Data reveal a rapid recovery in investor sentiment. In the same period, the Crypto Fear and Greed Index, which shows investor fear and greed in the cryptocurrency market, increased from 37 to 52, showing that investor appetite increased.
New Target Level May Be $0.00015, But There Is Risk
Although FLOKI lost 10 percent of its gains after the rise with Musk’s support, there is a strong momentum in the $0.00009 demand region in terms of technical outlook. According to analysts, if the price persists above this level, it may accelerate towards $0.00011 and then $0.00015. In particular, the continuation of the volume increase is seen as decisive for the permanence of the rise.
However, analysts warn that if the price closes one or more days below $0.00009, a correction to $0.00004 could occur in the short term. Floki’s trading chart signals a bullish formation on a weekly scale. This shows that the Musk effect is not just a short-term social media wave, but also a technical breakthrough may be on the table.
CryptoAppsy According to data, Floki Inu is trading at $ 0.00007408, with a decrease of 10.51 percent in the last 24 hours at the time of writing.
