Musk's tweet caused FLOKI to surge 29%: The MEME coin market once again saw the "Dog Effect"
TL;DR
At 5:42 PM Beijing time on October 20, 2025, Elon Musk tweeted that his pet dog, Floki, would serve as the CEO of the X platform. FLOKI's token surged 29.18% to $0.000085, with 24-hour trading volume surging to $180 million. Technically, the market is overbought in the short term, but this increase is relatively modest compared to the 40-3500% surges triggered by Musk's tweets.
Core Analysis
Details of Musk's tweet
Tweet content and time : October 20, 2025, 09:42 UTC (17:42 Beijing Time), Musk responded to user @tenobrus' question about whether Twitter has no CEO, directly replying: "Floki is the CEO." The tweet received 351 likes, 199 retweets, 137 replies, and 910 favorites. x.com
Background and Context : The tweet referred to Musk's pet Shiba Inu, Floki, rather than the FLOKI cryptocurrency. Subsequently, user @cb_doge amplified the tweet at 09:44 UTC: "Breaking: Elon Musk just confirmed his dog Floki is the new CEO of 𝕏," along with an AI-generated image of a dog in a suit. Musk responded at 09:51 UTC: "He's reliable," further fueling the topic.
FLOKI Token Performance Analysis
| index | Numerical | Range of change | Time Range |
|---|---|---|---|
| Current Price | $0.000085 | +29.18% | 24 hours |
| 24h highest price | $0.000085 | - | Reach after tweeting |
| 24h lowest price | $0.000066 | - | Before tweet |
| Trading volume | $179.97M | +260% | 24-hour surge |
| Market capitalization | $784.17M | +$190M | 24-hour growth |
Price Trend : Before the tweet, FLOKI was fluctuating around $0.000068. After the tweet, it quickly rose to $0.000085, a 25% increase. Over a 24-hour period, the token rose from a low of $0.000066 to $0.000085, a 29.18% increase.
Social media sentiment analysis
Community Reaction : The cryptocurrency community reacted positively and entertainingly, particularly within the MEME crypto, which displayed a speculative enthusiasm. Users widely compared the tweet to a similar event in 2023, anticipating a repeat of the historic surge. Community discussion centered on the "time is a circle" narrative, reinforcing FLOKI's cultural status as a Musk-related MEME coin.
Sentiment : Overall sentiment is overwhelmingly positive, with no significant bearish or critical voices emerging. In the early stages, excitement is dominant, and viral hashtags have yet to materialize, with discussion primarily driven by text and memes.
Technical Analysis
| Timeframe | trend | RSI | MACD | Key resistance levels | Signal |
|---|---|---|---|---|---|
| 1 hour | Bullish | 90 | Bullish | $0.000076 | 🔴 Overbought Breakout |
| 4 hours | Bullish | 77 | Bullish | $0.000074 | 🟡 Momentum Building |
| Daily Line | neutral | 51 | Bearish | $0.000110 | 🟡 Consolidation |
| Weekly | Bearish | 46 | Bearish | $0.000132 | 🔴 Long-term weakness |
Technical Status : The 1-hour RSI reached 90, indicating a severely overbought condition. Despite strong short-term momentum, technical indicators warn of a pullback risk.
Derivatives data : 24-hour open interest increased by 100% to US$28.9 million, and the funding rate was negative (-0.0057% to -0.056%), indicating that shorts paid longs, showing that leverage was biased towards the long side but there was a risk of squeeze.
Historical comparative analysis
Musk Effect Comparison :
- First mention of Floki in 2021: 1000%+ increase
- 2021 Christmas Santa Floki variant: 3500% increase
- 2023 Dog Photos: Up 418%
- This event: 29% increase
This 8% intraday gain was relatively modest, lacking the explosive 40-3500% surges seen historically. While trading volume surged, the scale and sustainability were not as strong as in previous events.
in conclusion
Musk's "Floki CEO" tweet successfully triggered a 29% surge in the FLOKI token, but technical indicators suggest overbought conditions, raising questions about its sustainability. Compared to historical 1,000-fold surges triggered by Musk's tweets, this reaction was relatively restrained. Investors should monitor the RSI's pullback below 70 and a break above the $0.000110 resistance level. This event further demonstrates the immediate impact of Musk's tweets on the MEME token market, but long-term value still depends on fundamentals.