Elon Musk has announced that he will adopt a Shiba Inu dog in the past months. Tesla CEO finally reunited with his dog and shared this moment with his followers on Twitter.
However, after this sharing of Musk, Floki Inu (FLOKI) started to rise. The crypto-asset is up 85% in the last 24 hours, according to Coinecko data. The Floki Inu cryptocurrency was created on Binance Smart Chain (BSC) on June 28. The reason for this was that Musk would name his dog Floki, which he would adopt.
Unlike Dogecoin, Floki is a deflationary cryptocurrency powered by the “proof of meme”. Rewards users who hold tokens via Auto Farm. Meme coin is currently only available on Uniswap and PancakSwap, but the team plans to also be listed on centralized exchanges as per the project’s roadmap.
Musk also caused waves of excitement in the Dogecoin community after announcing that he would adopt a Shiba Inu dog in the past months and sharply increased the price of the original meme coin.
People Adopt Shiba Inu
With Musk’s advocacy and the popularity of Dogecoin, real Shiba Inu dogs began to attract great attention. Dog breeder Jeri Burnside said:
But Burnside argues that such a high level of popularity could lead to unethical breeding on so-called “puppy farms.”
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