Dogecoin (DOGE) and Floki Inu (FLOKI) experienced over a 12% surge, owing to the buzz surrounding a profile named Xpayments on the social app X.
The weekend saw a 200% increase in the trading of these tokens, as well as a significant increase in futures trading, totaling $430 million.
The crypto market has long danced to Elon Musk’s tune, and the recent surge is no exception. DOGE tends to gain momentum whenever there are hints or news about payment options at Musk-affiliated companies like X and Tesla. Floki, named after Musk’s dog, has carved out a niche among traders drawn to its popularity.
The emergence of the Xpayments profile on the X social app catalyzed this recent surge. The profile quickly gained traction, amassing over 100,000 followers in a short period of time.
Xpayments also hinted at the possibility of launching peer-to-peer payments later this year, with indications of potential crypto involvement.
While there is no official confirmation that DOGE will be integrated into payment systems, the speculative frenzy grew due to Musk’s previous hints and the association of DOGE with innovative payment options.
Previous instances include the suggestion to use DOGE for Twitter Blue and Tesla’s acceptance of DOGE for in-store purchases.
