Overview
- Elon Musk shared an AI-generated clip of his Shiba Inu as X’s CEO, sending FLOKI to intraday highs near $0.00009 and briefly lifting its market cap above about $830 million.
- Trading activity spiked, with derivatives volume up roughly 660% to around $283 million and open interest up about 165% to near $37 million, as total volume topped roughly $540 million.
- The broader meme-coin sector gained as well, with aggregate capitalization rising about 5.8% to roughly $64.4 billion following the post.
- FLOKI later eased from its peak, with reports showing prices slipping back into roughly the $0.000066–$0.000083 range after the initial surge.
- Project backers cite a European ETP launch, a Robinhood listing, and reported burns exceeding 1.5 billion tokens since September, even as copycat coins sprang up on launchpads such as Pump.fun.