According to a report from the New York Post on the 27th, last weekend, the world’s richest man and Tesla CEO Elon Musk posted a photo of his pet dog on Twitter. Subsequently, a cryptocurrency named after the dog Prices began to soar.
After Musk's tweet was released, the price of this cryptocurrency called "Santa Floki" soared by more than 3000%. According to data from the CoinMarketCap website, it has risen another 500% in the past 24 hours.
On December 25, Musk released a photo of his dog Frocky wearing a Santa Claus costume, with the title "Frocky Santa". Although Musk seems to be just hinting at the fact that his dog is wearing a Santa Claus costume, the creators of "Santa Frocky" seized this opportunity to promote their cryptocurrency.
"Musk just posted a message about us on Twitter. We are recognized and I feel honored!" the creator of the cryptocurrency declared in a post on Twitter.
Subsequently, "Santa Frocky" surged from $0.0000000129 before Musk's tweet to $0.000001718 on Monday.
Like cryptocurrencies such as Dogecoin and Shiba Inu coins, "Santa Froki" uses Shiba Inu as a symbol and is driven by social media hype.
According to a previous report by Russian TV Today, due to concerns about Omicron, global investors have plunged into panic. Bitcoin, the world's largest digital asset, has entered a bear market, falling by 20% from a historical high of approximately US$69,000.
According to reports, the price of Bitcoin fell below US$54,000, a single-day drop of nearly 8%. And before it fell to 54321 US dollars, it has hit the lowest level since the beginning of October. Other cryptocurrencies also fell. Ethereum, the second largest cryptocurrency, fell more than 10% to $4,059; XPR fell 9.9% to below 95 cents. Other currencies, such as Dogecoin, fell by 8.3%, while Shiba Inucoin fell by nearly 5%.
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