Elon Musk Effect Does It Again? Dogecoin, Shiba Inu, Floki Spike After X Owner Calls Platform A ‘Doge Friendly Place’

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In the midst of a sluggish week for meme coins, Dogecoin (CRYPTO: DOGE), Shiba Inu (CRYPTO: SHIB), and Floki (CRYPTO: FLOKI) on Thursday witnessed an uptick of over 2%. What Happened: This rise countered the downward trend experienced by meme coins in the past seven days. DOGE experienced a decline of 6%, while SHIB saw a drop of over 10%, and FLOKI faced a decrease of more than 13%. However, the price saw a brief jump in the past 24 hours after Elon Musk tweeted on Wednesday that X (formerly Twitter) is a “dog & Doge friendly place!” This response was prompted by a message from his mother, Ma…

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