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One of the key factors behind the increase in the value of the Shiba Inu coin, at the beginning of October 2021, was a tweet from Tesla CEO Elon Musk on his Twitter account. Apparently, a tweet of a logo image of a puppy named Floki on October 7, triggered an increase in the price of Shiba Inu coins a few hours after it was uploaded.

Previously on September 15 2021, when Elon Musk tweeted 'Floki has arrived' with a picture of his new dog, the value of the Shiba Inu currency soared. In the days following Elon Musk's tweet, the value of the Shiba Inu coin experienced a jump of up to 1,000 percent.

Not long ago, Tesla and SpaceX boss Elon Musk tweeted a picture of a Shiba Inu puppy. In the tweet, he also mentioned 'Floki Frunkpuppy'.

It didn't take long for the tweet to be immediately responded to by various cryptocurrencies with puppy logos. For example, the accounts @BabyDogeCoin, @MiniDogeToken, to @RealFlokiInu.