Dogecoin and Floki coins increased by 6% and 40%, respectively, when Tesla CEO Elon Musk revealed the new CEO of the massive social networking platform Twitter.
Elon Musk is one of the world’s wealthiest men and the CEO of numerous large international corporations, including Tesla, SpaceX, and Twitter.
Musk likes Dogecoin and has a dog named Floki. In 2021, a few people created the Floki inu token on the BSC network in honor of Musk’s pet.
The present Floki inu token trade price is 39.4% higher than the previous 24-hour trade price.
And the present market price of Dogecoin is $0.085, which is 5.4% higher than the previous 24 hours’ trade price. The Doge price graph shows the abrupt increase in the price curve.
This dramatic increase in the value of these two assets was caused by Tesla CEO Elon Musk’s last tweet. Musk tweeted an image of Doge sitting on a chair and stated that he is far superior to others in terms of numbers as the next Twitter CEO.
Musk became Twitter CEO after the firm was acquired as a private company for $44 billion. Under Musk’s guidance, Twitter made numerous improvements to the Twitter ecosystem in order to make it a more user-friendly social media platform.
Notwithstanding the better decisions in favor of Twitter users, many individuals criticized Musk and suggested that he step down as CEO of the firm.
Musk also posted a poll on Twitter to determine if he should stand down as CEO of Twitter. He learned from the poll results that people want him to step down as CEO.
Musk declared on December 21, 2022, that he would stand down as CEO as soon as he finds a competent replacement.
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