It’s a crypto Christmas miracle.
A cryptocurrency named after Elon Musk’s dog multiplied in value this weekend after the world’s richest man posted a photo of his cute canine on Twitter.
Santa Floki coin — named in a Christmas-themed reference to Musk’s Shiba Inu hound, Floki —surged more than 3,000 percent following a tweet from Elon Musk. It was up an additional 500 percent over the past 24 hours, according to CoinMarketCap data.
On Dec. 25, Musk posted a photo of his dog wearing a Santa costume with the caption “Floki Santa.” While Musk seems to have just been referencing the fact that his dog was wearing a costume, Santa Floki’s creators pounced on the opportunity to promote their coin.
“@elonmusk just tweeted about us and we are humbled by this recognition!” the creators declared on Twitter.
Floki Santa pic.twitter.com/y3CTq16bGi
— Elon Musk (@elonmusk) December 25, 2021