Elon Musk's Puppy Pic Caused This Obscure Cryptocurrency To Surge Nearly 1,000%

In the image, the puppy is sleeping blissfully unaware of the ripples its photo has created in the cryptocurrency world.

Elon Musk has done it again. Thanks to a tweet by the Tesla and SpaceX founder, prices of cryptocurrencies including Dogecoin and several obscure tokens saw a surge in the last 24 hours. So, how did Mr Musk achieve this? All Mr Musk had to do was share a photo of his new pet dog, a Shiba Inu puppy. In the image, the puppy is sleeping blissfully unaware of the ripples its photo has created in the cryptocurrency world. Along with the photo, the billionaire wrote in the caption “Floki has arrived”. Soon enough, Mr Musk's tweet went viral. Floki has arrived pic.twitter.com/2MiUKb91FT Floki coin has surged to all-time highs and is now up over 250% after Elon Musk tweeted a picture of his new dog with the caption "Floki has arrived" pic.twitter.com/HUovApZiWt My Shiba Inu will be named Floki mr musk sir i just want to let u know that ur doge is shaped somewhat like a smol bean thank u that is all https://t.co/wWYfZnPUiC We need the real thing now please recreate pic.twitter.com/63lDtbgj3M And before long, there were tangible effects of the tweet, with several cryptocurrencies with names similar to that of the dog recording a spike in prices. Take a look at the tweet here: