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The values of Dogecoin, Shiba Inu, and Floki all shot up when Elon Musk, who is still looking for a new Twitter CEO, jokingly announced a dog as the social media platform's new CEO. At the time of publication, the prices of all three meme coins had significantly increased: DOGE was up 6.1%, Shiba Inu was up 4.3%, and FLOKI was up 39%. Musk posted an image of a Shiba Inu dog sitting in front of a desk and donning a black sweater with the words CEO on it, writing, "The new CEO of Twitter is wonderful." A contract from Twitter with the title "Chief Executive Officer," the name "Floki," and a paw print-shaped signature appears on the desk. Musk wrote, "So much better than that other guy" in a subsequent tweet. Billy Markus, the creator of Dogecoin, responded, "I guess he was the only one crazy enough to take the job." Shibetoshi Nakamoto's comment was met with a wink from Musk, who wrote, "He is perfect for the job." [embed]https://twitter.com/elonmusk/status/1625695877326340102[/embed] Two more tweets from Elon Musk came in response to these ones. The Shiba Inu dog appears to have balance sheets in the first image. Musk made a comment: He does numbers well! In the second, Musk says that the CEO of Twitter looks like Steve Jobs and has style.
Does Twitter's New Ceo Support Dogecoin And Shiba Inus?
The tweets come at a time when the mainstream media are putting more and more pressure on Elon Musk because of his actions and outspoken stance on free speech. Musk stated in December of last year that he would resign as CEO of Twitter when he found someone who could keep the platform "alive." Musk stated at the time that the new CEO would have a difficult job and that Twitter was heading toward bankruptcy. However, Musk recently stated that the business is no longer in danger because it is "on track to break-even," despite falling advertising revenue. Although this is just speculation at this point, his most recent tweets may indicate that Musk has found a replacement. Before an official announcement is made, the billionaire might be using the Shiba Inu pictures as a fun way to wrap up the news. However, it is important to note that this time, Musk is tweeting about FLOKI and Shiba Inu to raise the price of Dogecoin. The fact that lead developer Shytoshi Kusama also responded to Musk's tweet with a smile may have contributed to the price increase of SHIB. In the meantime, the meme coin community is welcome to rally around the new CEO's name, "Floki." The price of Dogecoin was $0.0859 as of press time. A bullish sign could be a daily close above the 200-day EMA (blue line).