The power of Elon Musk’s Twitter account struck again this week, triggering a massive Floki price pump. The meme token skyrocketed 20% after the billionaire shared a video featuring the Shiba Inu dog “Floki” as the CEO of X (formerly Twitter). The viral post immediately sent traders rushing to buy the token, proving Musk’s influence remains as strong as ever.
This isn’t the first time a single tweet has caused a Floki price pump. Back in 2023, a similar joke about Floki becoming Twitter CEO sent the token up 140% in just one day. This time, the rally pushed FLOKI to a 10-day high of $0.00009 before it settled back down, showing these moves are often explosive but can be short-lived.
What’s Next for the Floki Price Pump ?
While the initial Floki price pump was exciting, the technical picture shows the token is at a critical point. It’s currently trading within a long-term descending channel, but it recently bounced from a key support zone between $0.00004 and $0.00005. This could be the start of a larger reversal.
The potential is huge. If FLOKI can break out of its current pattern, it could rally an incredible 7,500% to reach $0.005. However, if it loses the current support, it could fall another 40% to $0.000028. The high trading volume suggests a big move is coming soon, one way or another.
My Thoughts
Musk’s influence is a double-edged sword. It can create instant 20% gains, but it also makes the token highly manipulative and unpredictable. While the long-term chart shows massive potential, these tweet-based pumps are often best for quick trades rather than long-term holds. The key is to watch if it can hold above $0.00004—that’s the real level that matters for a sustained recovery.