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The price of Dogecoin ($DOGE) has risen by 7% in the last hour, recouping losses that occurred since the start of today's trading session. The reason for the recent $DOGE micro pump can be attributed to a confession from the current "commander in chief" of Twitter, Elon Musk.
As is typical of an eccentric billionaire, the confession was humorous and answered a question from the famous Baha Men song, "Who Let The Dogs Out." A picture of the phrase "I let the dogs out" was enough to cheer up $DOGE quotations, but that was not all.
Floki Inu ($FLOKI) goes after $DOGE
Floki Inu ($FLOKI) also reacted reflexively and even more impulsively than Dogecoin. By comparison, $FLOKI pumped up nearly 13% after Musk's publication. One would think that the key attention will now be on $FLOKI after such jokes by the billionaire. Another example could be seen a week ago, when Musk published a photo of his dog named Floki, claiming he was the new CEO of Twitter, and the price of the token of the same name rose 111% in the following two days.
Previously, a similar phenomenon was observed with the Mask Network token, MASK, which for some time was considered by market participants to be a beta to Dogecoin. However, the hype surrounding it seems to have passed.