SHIBA Inu up to 25% as Elon Musk Tweets About Naming His Dog Floki

Elon Musk has tweeted his Shiba Inu, Floki, he'll be naming. Following the tweet, 25% of Shiba Inu (SHIB) pumped. After a short pause, Musk seems again to tweet over cryptography. Elon Musk posted the name of his Floki Shiba Inu. This caused the SHIB price to rise by 25 percent.

Again it looks like Elon Musk's back. The founder of Tesla returns to it after a short sabbatical from the crypto industry. The millionaire tweeted crypto again avidly. His latest tweet, or not, linked to the Shiba Inu token (SHIB), claims that "My Shiba Inu should be called Floki."

Musk was an enormous admirer of the Dogecoin meme project. In recent months, the billionaire has actively backed the initiative and has repeatedly spurred on a new all-time high for the project. Before Musk's deceptive Saturday Night Live show, which has seen DOGE fall in price since then, DOGE managed to rise to an amazing $0.73 high.

However, the recent tweet shows that Musk may have chosen to move from DOGE to SHIB. Currently, SHIB is rated 27 based on market investment. The market limit for the project presently stands at $3.6 billion, 10 times less than DOGE.

Musk, one of the leading players in crypto pricing, played a significant role on price changes in 2021. Some have attacked the outspoken billionaire, stating that the former Labor Secretary Robert Reich has "a major influence on the markets with his tweets. This is simply another example of how the millionaires get away without accountability from manipulating markets."

Whatever his comments and personal views, Musk has emphasized previously that crypto investment must be cautious. While Musk is a huge industry admirer, he once said it is "unwise" to invest in crypto savings. 

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His most recent tweet which may or may not be related to the Shiba Inu (SHIB) token, states that “My Shiba Inu will be named Floki.” The tweet was well-received by the SHIB token as it surged 25% to a new six-day high.
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