A meme coin called Flōki 𝕏 CEO ($FLŌKI) recently exploded in price after Elon Musk shared an AI video of his dog “running X.” The coin rocketed more than 48,000% in just one week, attracting traders who rushed in hoping to ride the hype. Just as quickly as it climbed, the price collapsed when a few large wallets dumped their holdings. Several sell orders worth over $10K each triggered two rapid rug pulls, wiping out most of the market value. The volatility became so extreme that CoinGecko delisted the token entirely, meaning there’s no reliable price tracking there anymore.
Right now, the only place still showing data is DexTools, where $FLŌKI is sitting at a market cap below $20K, compared to the astronomical surge seen during the pump. The situation shows how unpredictable meme coins remain, especially those driven purely by celebrity attention. At the same time, the original $FLOKI token still has a market cap in the hundreds of millions, yet it’s trading far below its previous highs, showing that even big meme coins are struggling in a bearish environment. With Bitcoin dropping and risk appetite fading, hype-driven tokens may start losing their appeal.
https://dexwirenews.com/floki-x-ceo-floki-soars-48000-percent-is-this-elon-musk-meme-coin-a-buy/
submitted by /u/ExternalCollection92
[link] [comments]
Join The SmashBotAI Telegram Community Now! Get trade alerts, smashable token trade ideas, and more!
https://t.me/smashbotcommunity
Start Trading Now:
SmashBotAI Telegram Bot
Claim Your $SMASH Airdrop Now!