Floki Inu (FLOKI) experienced a 29% price surge after Elon Musk tweeted an image of his Shiba Inu, Floki, humorously portrayed as the CEO of X. The tweet, posted on October 20, 2025, led to an 800% increase in trading volume for the meme coin. Despite the spike in Floki Inu's value, the broader cryptocurrency market remained stable, with only a 6% rise in the meme coin sector's market cap. The Floki Inu team did not release an official statement but actively engaged with their community on social media platforms. The price increase was primarily driven by retail investors, with no major institutional or regulatory developments influencing the surge.