Elon Musk, who is still searching for a new Twitter CEO, jokingly introduced a dog as Twitter’s new CEO, which boosted the prices of Dogecoin, Shiba Inu and Floki. At press time, all three meme coins have seen significant price appreciation, with DOGE up 6.1%, Shiba Inu up 8.3%, and FLOKI up 70%.
“Twitter’s new CEO is amazing,” Musk wrote, sharing a photo of a Shiba Inu dog sitting behind a desk wearing a black sweater with CEO written on it. On the desk is a contract from Twitter, where the position “Chief Executive Officer,” the name “Floki” and a signature in the form of a paw print can be seen.
In a follow-up tweet, Musk also wrote, “Much better than that other guy,” to which Dogecoin creator Billy Marcus replied, “I guess he was crazy enough to take the job.” Musk replied to Shibetoshi Nakamoto’s comment with a wink, writing, “He’s perfect for the job.”
Elon Musk followed these tweets along with two others. The first shows a Shiba Inu dog with a clear balance sheet. Musk commented: “He’s great with numbers!” Another shows the Twitter CEO in a Steve Jobs-like outfit, with Musk saying he has style.
The tweets come at a time when Elon Musk is facing pressure from the mainstream media for his actions and outspoken stance on free speech. In December last year, Musk said he would step down as CEO of Twitter once he found someone who could keep the platform “alive”.
At the time, Musk claimed that Twitter was headed toward bankruptcy and that the new CEO would face a daunting task. However, despite falling advertising revenue, Musk recently claimed that the company is no longer in danger as it is “on track to break- even.”
His recent tweets could possibly indicate that Musk may have found a successor, although this is pure speculation at this point. The billionaire could be using the Shiba Inu images as a fun way to wrap up the news before an official announcement is made.
Whether a bias towards Dogecoin, Shiba Inu or Floki was a prerequisite for the job can also only be speculated.
But it is worth noting that Musk is not only pumping the price of Dogecoin with his tweets this time, but also Shiba Inu and FLOKI.
The price increase of SHIB might come from the fact that lead developer Kusama also responded to Musk’s tweet with a smiley face. Meanwhile, the name of the new CEO “Floki” is a welcome cause for a rally for the meme coin community.
At press time, the Dogecoin price stood at $0.0859. A daily close above the 200-day EMA (blue line) could be a bullish signal.
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