Elon Musk introduces new Twitter CEO – Dogecoin and Shiba Inu explosion

Elon Musk introduces new Twitter CEO - Dogecoin and Shiba Inu explosion

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Elon Musk, who is still searching for a new CEO of Twitter, has jokingly introduced a dog as the new CEO of Twitter, sending the prices of Dogecoin, Shiba Inu, and Floki through the roof. At press time, all three meme bases have grown significantly: DOGE up 6.1%, Shiba Inu up 4.3%, and FLOKI up 39%.

“Twitter’s new CEO is amazing,” Musk wrote, sharing a picture of a Shiba Inu dog sitting behind a desk wearing a black sweater with the word CEO on it. In front of him is a contract showing the position of Chief Executive Officer, the name Floki and a signature in the form of a footprint.

Musk also wrote in a follow-up tweet:

“Much better than the other guy”

Dogecoin inventor Billy Markus then responded:

“I guess he was the only one crazy enough to take the job.”

Responding to Shibetoshi Nakamoto’s comment, Musk wrote with a wink:

“He’s perfect for the job.”

Musk followed up his tweets with two more. The first shows the Shiba Inu dog with apparent balance boards. Musk on this:

“He’s great with numbers!”

The second shows the Twitter CEO in a Steve Jobs-esque suit. Musk adds that he has style.

Will Twitter’s New CEO Be Dogecoin and Shiba Inu Friendly?

The tweets come at a time when Elon Musk is coming under increasing pressure from the mainstream media for his actions and stance on free speech. In December of last year, Musk said he would step down as CEO of Twitter when he found someone who could keep the platform “alive.”

At the time, Musk claimed that Twitter was headed for bankruptcy – and that the new CEO faced a daunting task. However, despite a decline in ad revenue, Musk recently claimed that the company is no longer at risk because it is “on track to break even.”

His recent tweets could indicate that Musk has found a successor – although that is pure speculation at this point. The billionaire could use Shiba Inu pictures as a fun way to get the message across before making an official announcement.

DOGE price is fighting the 200-day EMA | Source: DOGEUSD on

One can only speculate as to whether Dogecoin, Shiba Inu or Floki has priority for the job.

Amazing, though: not only Musk’s tweets drove the price of Dogecoin this time, but also Shiba Inu and FLOKI.

SHIB’s price hike could also be due to lead developer Shytoshi Kusama also responding to Musk’s tweet with a smiley face. Meanwhile, the name of the new CEO “Floki” is enough for a rally.

At press time, Dogecoin was trading at $0.0859. A daily close above the 200-day EMA (blue line) could be a bullish sign.

Should you buy Dogecoin now?

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  • Fight Out Coin: Fight Out Coin (FGHT) relies heavily on Metaverse and Move-to-Earn, is working on building a Web3 based fitness studio concept – here is the user training progress to move to a digital avatar, at the same time get paid cryptocurrency for success. In the current presale, 1 FGHT costs 0.02220 USDT, in 7 hours and 30 minutes the price rises.

Text credit: Bitcoinist

Last updated on February 15, 2023

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