"Hmmm, maybe Musk is tired of being a CEO, he wants to be a little different."
The Chief Executive Officer (CEO) of Twitter and Tesla, Elon Musk who always acts beyond expectations this time sent a picture of his pet dog named Floki on his Twitter account with the caption "CEO of Twitter is amazing".
This caused the price of memecoins Dogecoin (DOGE), Floki Inu (FLOKI) and Shiba Inu (SHIB) to see a surge shortly after Musk announced Floki as the new CEO of Twitter adding "he's better than everyone else".
FLOKI was found to have increased by 45% over the price level of $0.00003278 in the last 24 hours but is now down slightly at $0.00002759 while DOGE gained around 5% to reach the $0.08617 zone.
Meanwhile, the prices of SHIB and Bone ShibaSwap (BONE) have risen by 4% and 8% respectively in the past 24 hours, where both memecoins are currently hovering at 0.00001289 and $1.4650.
Despite Musk's actions, he said during a speech at the World Government Summit in Dubai that he plans to step down as CEO of Twitter and wants to find a successor who can run the company by the end of 2023.
However, Musk intends to stabilize the Twitter company financially first before resigning through his clearly laid out product roadmap.
On the other hand, the price of DOGE jumped over 5% after Musk tweeted that he was discussing the memecoin with Fox News chief Rupert Murdoch.
