Elon Musk’s casual post about his dog sent shockwaves through meme-coin markets on Monday, with FLOKI jumping roughly 27% in 0 Reading: Bitcoin Whale Goes Big — $255M Longs Opened Before Trump–China Summit According to reports, Musk posted “Flōki is back on the job as X CEO!” alongside an AI-made clip showing his Shiba Inu in a 1 token’s price moved from about $0.0000657 to roughly $0.0000847, and some sources recorded intraday highs near $0.00009 after traders piled 2 Post Sparks Rally Based on market coverage, the move was quick and driven by social media 3 who watch meme tokens said the tweet and the short video triggered a buying wave that pushed prices up by about 20–29% depending on the 4 surged at the same 5 overall memecoin market cap rose nearly 6% to close to $64 billion as speculative bets picked up.
Flōki is back on the job as 𝕏 CEO! 6 — Elon Musk (@elonmusk) October 20, 2025 Market Activity And Metrics Activity was heavy across spot and derivatives 7 show derivatives volume spiked roughly 660% to $280 million while open interest climbed about 165% to $37 8 kind of move suggests many traders were not only buying the token but also opening leveraged 9 exchanges flagged fast order flow and a quick rise in short-term trading 10 Buzz And Immediate Reaction The Floki project has built a large online community that watches every mention of the name 11 and posts amplified Musk’s share, and that amplification helped fuel the rapid price 12 it wasn’t a universal buy signal; certain wallets moved to take profits during the 13 on on-chain snapshots, a number of large holders sold small slices as the price 14 Surge Raises Questions Analysts and market watchers warned that heavy derivatives activity can push prices both 15 leverage flows into a small market, moves can be magnified.
A rapid inflow of speculative money can lift prices fast, and it can also trigger sharp drops when traders unwind 16 analysts suggested that gains tied to a single social post are fragile without steady buying behind 17 Reading: ‘Buy Of The Century’: Cardano Could Be The 2026 Game-Changer Under $0.20 — Analyst Exchange Listings And Liquidity Notes Liquidity varied between 18 smaller platforms showed deeper price swings because their order books are 19 exchanges saw volume rises but less dramatic price 20 on figures, traders on decentralized platforms captured most of the early moves, while centralized venues absorbed the later 21 image from Gemini, chart from TradingView
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