Elon Musk, who is still looking for a new CEO of Twitter, jokingly introduced a dog as the new CEO of Twitter, sending the price of Dogecoin, Shiba Inu and Floki soaring. At press time, all three meme coins saw significant price appreciation, with DOGE up 6.1%, Shiba Inu up 4.3%, and FLOKI up 39%.
“Twitter’s new CEO is amazing,” Musk said write, showing a picture of a Shiba Inu dog sitting behind a desk wearing a black sweater with the words CEO. On the table there is a contract from Twitter, where the position “Chief Executive Officer”, the name “Floki” and a signature in the form of a paw print can be seen.
Twitter’s new CEO is amazing pic.twitter.com/yBqWFUDIQH
– Elon Musk (@elonmusk) February 15, 2023
In a follow-up tweet, Musk also wrote, “Better than anyone else,” to which Dogecoin creator Billy Markus replied, “I think he’s the only one crazy enough to take on the project.” Musk responded to Shibetoshi Nakamoto’s comment, writing with a wink, “He’s perfect for the job.”
Elon Musk followed that tweet with two more. The first shows a Shiba Inu dog with a visible balance. Musk commented: “He’s great with numbers!” The second showed the Twitter CEO dressed like Steve Jobs, with Musk adding that he had style.
He is good with numbers! pic.twitter.com/auv5M1stUS
– Elon Musk (@elonmusk) February 15, 2023
Will Twitter’s New CEO Be Dogecoin And Shiba Inu Friendly?
The tweets come as Elon Musk is under increasing pressure from the mainstream media for his actions and outspoken stance on free speech. In December last year, Musk said he would step down as CEO of Twitter if he found someone who could keep the platform “alive.”
At the time, Musk claimed that Twitter was going bankrupt and that the new CEO would face a difficult task. However, despite the decline in advertising revenue, Musk recently claimed that the company is not in danger because it is “on the path to break-even.”
His recent tweets may indicate that Musk may find a successor, although this is pure speculation at this point. The billionaire may have used the Shiba Inu image as a fun way to wrap up the news before the official announcement was made.
Whether the bias towards Dogecoin, Shiba Inu or Floki is a prerequisite for the project can also only be guessed.
But it should be noted that Musk is not only pumping up the price of Dogecoin with his tweets this time, but also Shiba Inu and FLOKI.
SHIB’s price increase may be due to its lead developer Shytoshi Kusama also responding to Musk’s tweet with a smiley face. Meanwhile, the name of the new CEO “Floki” is a welcome reason for the general meeting for the meme coin community.
Dogecoin price is currently at $0.0859. A daily close above the 200-day EMA (blue line) can be a bullish signal.
Featured image from NPR and Jaycee/Unsplash, Chart from TradingView.com