FLOKI, the Shiba Inu-inspired meme cryptocurrency, surged 27% on Monday after Elon Musk shared a lighthearted post featuring his dog, Floki.
In the short video clip, the dog appeared dressed as the CEO of X (formerly Twitter), with Musk captioning, “Floki is back on the job as X CEO.”
The post, which revived an old internet joke from 2023, quickly went viral and reignited interest in the token.
FLOKI Rallies on Heavy Trading
According to market data, the FLOKI token price jumped from $0.00006909 to $0.00008578 shortly after Musk’s post. The sudden spike also drove a 627% rise in daily trading volume, underscoring renewed optimism among traders.
As of press time, FLOKI’s market capitalization stands at $816.02 million, ranking it the 82th largest cryptocurrency globally. Despite the surge, the token remains 75% below its all-time high of $0.0003449, recorded on June 5, 2024.
Musk’s Continued Influence on Meme Coins
The latest episode reinforces Musk’s persistent influence over digital assets, especially meme-based tokens. Over the past few years, he has moved markets with brief mentions or jokes about coins such as Dogecoin, Kekius Maximus, and CumRocket.
This particular post about the “CEO of X” comes roughly three months after Linda Yaccarino resigned from the same role. That timing has only added momentum to the ongoing online discussion and speculation.
Flōki is back on the job as 𝕏 CEO! pic.twitter.com/Zu29Dos24r
— Elon Musk (@elonmusk) October 20, 2025
European ETP Marks Institutional Breakthrough for FLOKI
Earlier this month, FLOKI achieved a major milestone in Europe with the launch of its first Exchange-Traded Product (ETP). The Valour Floki SEK ETP, issued by Valour, a subsidiary of DeFi Technologies, began trading on Sweden’s Spotlight Stock Market on October 2, 2025.
The product allows institutional and retail investors to gain regulated exposure to FLOKI without holding the token directly. This development makes FLOKI the second meme coin, after Dogecoin, to reach this level of institutional access in Europe. It is also the only BNB Chain project, apart from BNB itself, to secure an ETP listing.
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