Elon Musk backed Floki Inu turns Rs 1000 into Rs 34 lakh in just 2 months; Here’s how

New Delhi: Tesla and SpaceX chief Elon Musk is one of the most influential personalities who can run and turn trends in the cryptocurrency world. Musk’s social media presence can make a lot of investors rich as his one tweet can take a token for the up ride.

Elon will be the only person who can turn the pets into crypto coins. Eventually, Musk keeps throwing hints of his heartful love for crypto coins.

The latest coin which surged heavily is Floki Inu which is named after Musk’s new pet Floki

Recently Elon’s tweet gave a jump of 30% to dogecoin spinoff Floki Inu. Actually, Tesla Cheif has a dog named Floki which is a Shiba Inu breed. Yes, this is not the first time that Musk has left the crypto world shaken.

In March he tweeted that ‘I am getting a Shiba Inu”

Floki has arrived pic.twitter.com/2MiUKb91FT

— Elon Musk (@elonmusk) September 12, 2021

On June 25, he tweeted ‘My Shiba Inu will be named Floki’

On September 12, he goes on to tweet ‘Floki has arrived’ with the picture

These tweets helped Floki Inu to rise by 1,000% by Sep 15. As per the data, the currency rose by 10 times within the span of 3 days after Elon’s tweet.

Floki Frunkpuppy pic.twitter.com/xAr8T0Jfdf

— Elon Musk (@elonmusk) October 4, 2021

As per reports, Floki Inu jumped a whopping 3,40,150 per cent in just two months. Floki Inu saw the price jumping from $0.00000002 on August 8 to $0.00006805 on October 8 which means that it turned a minor investment of Rs 1,000 into Rs 34 lakh in the frame of just 2 months.

As of Sunday, Floki Inu had a market cap of $700 million (Rs 5,250 crore).

As per the Floki Inu official website, it is a new crypto coin birthed by fans & members of the Shiba Inu community, Floki Inu (FLOKI) is inspired by #DogeFather Elon Musk’s very own Shiba Inu.

Well, this is not the only case, back in February 2021 Elon went to write that ‘Dogecoin is the people’s crypto’ which gave the DOGE a jump of 50% and overall, Dogecoin has seen the jump of 15,000% in just one year.

Later in March 2021, Elon announced that Tesla will be accepting payment in bitcoins which took the BTC to an all-time high of $64,000.