As Shiba Inu Crashes, These Dogecoin Knockoffs Are Still Striking Massive Gains

Dogecoin DOGE/USD knockoffs such as Flokinomics FLOKIN/USD, Baby Shiba Inu BABYSHIBAINU/USD and SafeMoon Inu SMI/USD are seeing massive gains on Thursday night even as Shiba Inu SHIB/USD tumbled and Dogecoin remained muted.

What Happened: Flokinomics continued to rally and is up 201.4% during the last 24 hours, trading at $0.00004504 at press time.

The three-day-old token has surged 203.5% against apex cryptocurrency Bitcoin and also gained 194.6% against Ethereum during the past 24 hours.

Among other Dogecoin spinoffs, Baby Shiba Inu traded 414.9% higher at $0.00000001456 over the past 24 hours, while SafeMoon Inu surged 277.62% over the 24-hour period to $0.000000899.

Memecoin MEM/USD gained 248.5% over the past 24 hours to $0.4496 and Fantom Doge RIP/USD jumped 198.2% over 24 hours to $0.000000003984. DogeGF DOGEGF/USD traded 122% higher during the last 24 hours at $0.000000001751.

See Also: How To Buy Dogecoin (DOGE)

Why It Matters: Some of the Dogecoin knockoffs are continuing to rally after Tesla Inc. TSLA CEO Elon Musk tweeted a photo of his dog Floki earlier this week.

The project behind Flokinomics retweeted a post on Thursday about the new coin gaining huge media coverage over the past few days, including on Fox News.

Dammmnnnn… so let me get this straight.

First 2 days it was @Benzinga on @RobinhoodApp that featured articles about #FLOKINOMICS ..

Then the 3rd day the @nypost did an article about #FLOKINOMICS …

Followed by a mention in @Forbes

And now a feature on @FoxNews #IYKYK pic.twitter.com/eLYxNZyhOX

— Cosmo Kramer (@TheK_ManCosmo) October 7, 2021

Flokinomics also said on Twitter that the coin’s logos have now been added to BSC scan, dextools, trust wallet and poocoin.

All the $flokin logos have been added to BSC scan, dextools, trust wallet and poocoin.

Feel free to drop any other #FLOKINOMICS suggestions

(: pic.twitter.com/VdH67ZyoQQ

— Flokinomics (@FlokinomicsCoin) October 7, 2021

Baby Shiba Inu announced on Twitter that it has crossed 50,000 holders.

We crossed 50,000 holders and trending all across CMC. LFG #BABYSHIBAINU #SHIB #BABYSHIBA #SHIBAINU pic.twitter.com/vyrf10ajgE

— Baby Shiba Inu (@Babyshibatoken) October 7, 2021

Meanwhile, Shiba Inu is down 30.5% during the past 24 hours to $0.00002209 after striking huge gains over the past few days. The self-described DOGE-Killer rose to a four-month high on Wednesday after whale investors made several sizeable investments in the preceding days.

Read Next: Bitcoin, Ethereum, Dogecoin Trade Largely Muted As Action Shifts To L1s And DeFi