Some of the Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) knockoffs are seeing strong gains as of Sunday night after Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk commented on Twitter that he holds Dogecoin, but not Shiba Inu.
What Happened: Baby Moon Floki is up 184.7% during the past 24 hours, trading at $0.000000000025. The coin has also surged 169.0% against Bitcoin and gained 172.8% against Ethereum.
Among the other knockoff coins, DoraemonInu (CRYPTO: DORAEMONINU) has surged 84.3% during the past 24 hours to $0.000000000011, while Shiba Floki is up 15.9% during the 24-hour period to $0.0000000282.
See Also: How To Buy Dogecoin (DOGE)
For comparison, Dogecoin is up 9.8% during the past 24 hours, trading at $0.2741 at press time. Shiba Inu, the self-described “Dogecoin-killer,” has gained 9.2% over the 24-hour period to $0.00003928.
Why It Matters: Baby Moon Floki, which launched earlier this month, is a hyper-deflationary token that has a smart exchange system built into the ecosystem.
The coin retweeted a post that it now has 4,400 currency holders.
BABY MOON FLOKInow on 4,400 holders and rising
— Bsc Gems (@cryptowave93) October 24, 2021
Doraemon, an ERC-20 token on Ethereum’s blockchain that is based on the popular manga character Doraemon, also retweeted a post that it now has a market capitalization of $10 million and has reached over 2,000 holders.
We just killed a zero..
We’ve reached 2000++ Holders and 1000++ Twitter followers!
Let’s go for more!@doraemoninueth !! Going insane!!..Faster than a lot of tokens I hv seen
— ERWAN M (@EioneM) October 25, 2021
Shiba Floki, a hyper-deflationary token that operates on Binance Smart Chain, calls itself “a descendant of meme father Dogecoin.”
Shiba Floki announced on Twitter it plans to soon launch Squid Floki non fungible tokens (NFTs) and that users can join “Squid Game” with the coin’s new NFT collection.
SQUID FLOKI NFTs ARE COOMING!
Follow our announcements for details.
— Shibafloki (@Shibaflokitoken) October 25, 2021