Dogecoin and Floki See Price Jumps as Rumors of Twitter Payment Flies

Dogecoin (DOGE) and Floki (FLOKI) prices went up 12% after a profile named @xpayments on a social app X raised excitement among crypto fans. Over the weekend, trading of these tokens increased by 200%, according to analysts. Futures trading also grew, with bets totaling $430 million.

DOGE often goes up when there's news about payment options at Elon Musk's companies, like X or Tesla. Floki, named after Musk's dog, is popular with certain traders. Simon Schaber from Spool DAO said people think DOGE might be used for ads on Twitter, similar to when Tesla allowed payments with DOGE.

The @xpayments account quickly gained over 100,000 followers. X also mentioned launching peer-to-peer payments this year, possibly including cryptocurrencies. There's no official word on DOGE being used for payments, but Musk hinted at it before, like using it for Twitter Blue. Tesla already accepts DOGE for store purchases.