A post from Tesla CEO Elon Musk on Twitter drew attention to the previously almost unknown Santa Floki token – its rate rose 6,000%.
Santa Floki (HOHOHO) is the next dog token on the Binance Smart Chain, but it does have some quirks. According to the project’s White Paper, token holders receive 4% of HOHOHO transaction fees. At the moment, the total amount distributed among token holders is 304,800 BUSD.
Elon Musk did not describe the advantages of the project – he just wrote “Floki Santa” on Twitter. And if on the morning of December 26 the token rate was $ 0.00000001309, now HOHOHO is trading at $ 0.00000202. The trading volume also increased significantly – earlier it was $ 8,000 per day, but after Musk’s tweet it exceeded $ 10 million.
Elon Musk often writes about cryptocurrencies on his Twitter. It is the American entrepreneur who should be thanked for the multiple growth of the Dogecoin rate. Musk recently stated that DOGE is better suited for transactions than BTC. Bitcoin, in his opinion, is more suitable for storing wealth.
