In the image Elon Musk posted as a tweet, his beloved dog is shown sitting on a chair, sporting a black t-shirt bearing the CEO’s logo, and surrounded by business documents and a laptop. “Much better than any other person,” Musk says of his pet. However, it needs to be clarified if he refers to himself or the late CEO, Parag Agarwal.

Moreover, according to data from CoinGecko, Floki, named after Musk’s Shiba Inu dog, has increased by 41% over the past day.
After the Floki Inu DAO, the organisation that created the coin, passed a governance resolution to carry out a $100 million token burn, the price of Floki jumped by about 100% in January.

Meanwhile, in case of other meme-based currencies, a similar rise was also seen. Elon Musk’s favorite cryptocurrency, trading at $0.081, surged to $0.087 and gained 7.14% in only a few hours.

CoinMarketCap shows that at 10:30 AM, Dogecoin was trading at $0.086. Following Musk’s tweets on Wednesday, Shiba Inu, another dog-themed meme coin, also saw a rise. The cryptocurrency price increased by almost 5% from $0.0000122 to $0.0000128 over this period.