FLOKI soars over 40% after an Elon Musk joke

The popular meme-inspired cryptocurrency – FLOKI – spiked around 41% after Elon Musk uploaded a photo of his dog dressed as the new Chief Executive Officer of Twitter.

Other tokens, such as Dogecoin (DOGE) and SHIBA INU (SHIB), also climbed following Musk’s actions. The former is up nearly 6%, while the latter rose 5%.