Overview
- FLOKI briefly rose to roughly $0.00009, pushing its market value toward $800–830 million before giving back part of the jump.
- Derivatives activity ballooned, with reported volume up about 663% to $283 million and open interest up 165% to $37 million.
- Spot trading surged as 24-hour volume approached $500–540 million, and the token climbed to CoinGecko’s trending list.
- Musk’s post linked to an app for making similar AI videos, and copycat tokens surfaced on launchpads, including a “Flōki CEO of X” coin that peaked near a $423,000 market cap.
- The reaction mirrors prior Musk-driven meme coin spikes in 2023, though coverage notes staying power would likely require stronger ecosystem traction.