The Shocking Move by Elon Musk That Sent Floki Inu Soaring 27% Overnight
Who would’ve thought a cheeky post from Elon Musk could send Floki Inu—yes, that Shiba Inu-themed memecoin—soaring back into the spotlight? Clocking in with a 20% rally that pushed its market cap north of $830 million, Floki’s sudden burst of life has memecoin maniacs buzzing and wallets twitching. With trading volumes rocketing to an eye-popping $540 million, folks are already whispering about a potential repeat of the triple-digit gains that lit up 2023. But here’s the kicker—technical charts hint at a falling wedge pattern setting the stage for a possible breakout as high as $0.00037, if the bulls keep their grip. So, is this the start of another memecoin saga or just another flash in the pan ignited by Musk’s mischief? Let’s dive into the details. LEARN MORE.
Key Notes
- Musk’s post drove FLOKI’s market cap above $830 million, marking its strongest performance since early October with renewed investor interest.
- Trading volume exploded to $540 million as the memecoin community speculated on potential triple-digit gains similar to 2023’s rally.
- Technical analysis shows a falling wedge pattern with potential breakout targets at $0.00011 and $0.00037 if bullish momentum holds.
Floki Inu
FLOKI
$0.000074
24h volatility:
11.2%
Market cap:
$714.42 M
Vol. 24h:
$396.61 M
price rallied 20%, reaching a 10-day peak of $0.00009 on Oct. 20, propelled by a cryptic post by Elon Musk. The billionaire Dogecoin aficionado posted a video with an image of the Shiba Inu dog Floki as the CEO of X, formerly Twitter.
Floki Price Rally: Elon Musk’s X Post Sparks 20% Surge
Within hours of Elon Musk’s post on Oct. 20, Floki Inu price spiked by 27%, reaching approximately $0.00009, with its market cap crossing $830 million, its highest since Oct. 10. While the Floki price has retreated toward $0.000083 at press time, traders remain optimistic of larger gains.
Flōki is back on the job as 𝕏 CEO! pic.twitter.com/Zu29Dos24r
— Elon Musk (@elonmusk) October 20, 2025
A link attached to the post directed users to a newly launched app that allows users to create similar AI-generated videos.
While Elon Musk is better known for his long-term support of Dogecoin
DOGE
$0.19
24h volatility:
3.0%
Market cap:
$29.47 B
Vol. 24h:
$1.82 B
, the Forbes 2025 World’s Richest Man has also interacted with the Floki community in the past.
When he stepped down as Twitter CEO in 2023, following a controversial $44 billion acquisition a year earlier, he jokingly referenced Floki as his replacement, sparking a 140% price rally on the day.
Floki Inu price action on Oct. 20, 2025 | Source: Coinmarketcap
According to CoinMarketCap data, Floki’s trading volume reached $540 million at the time of reporting, up 802% in the last 24 hours.
how many Xs did $FLOKI pump the last time Elon did this btw?
IIRC he went on a rampage posting several ‘Floki as X CEO’ tweets and memes shortly after
and was even excitedly talking about how it’s cool that his dog was running Twitter on mainstream TV
would be ironic if we get… https://t.co/f39VOv13PV
— Unipcs (aka ‘Bonk Guy’) 🎒 (@theunipcs) October 20, 2025
Community speculation remains rife. A pseudonymous user “Bonk Guy” expressed optimism of a repeat triple-digit rally, echoing the dominant narrative in the comment section to Elon Musk’s post.
Floki Price Forecast: Can MACD Confirm a Falling-Wedge Breakout Toward $0.00035?
Floki’s 3-day price chart reveals a falling wedge pattern. This indicator typically indicates more volatile upside moves ahead. Floki price action sits near $0.0000829, with the MACD lines sitting slightly below zero but the histogram has tightened, confirming buyers regaining control. Another bullish crossover (blue line crossing above red) on the daily/3-day timeframe would confirm another leg-higher.
Floki Inu Technical Price Analysis | TradingView
A decisive break and weekly close below the wedge support around $0.00006 invalidates the bullish momentum. The Bull-Bear Power (BBP) readings are marginally negative but flattening, indicating sentiment is mixed rather than decisively bearish.
If FLOKI posts a decisive close above $0.00015 with a confirmed MACD crossover and rising volume, the next major resistance lies at $0.00011 with an extended target near $0.00037 if falling wedge target is validated.
Conversely, a weekly close below the wedge floor around $0.00005 would invalidate the bullish Floki price forecast and heighten risks of a reversal toward $0.00004.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.
