His recent post referencing the adult-themed token Cum Rocket (CUMMIES) caused the token's value to skyrocket by 400% in less than an hour, reaching a high of $0.02 from $0.004. However, the surge was short-lived, with prices stabilizing at $0.008—a 95% gain in 24 hours.
Musk's impact on crypto is not new. Tokens like KEKIUS have seen similar effects, with a notable 1,200% spike following his prior tweets. While some see this as an opportunity for quick profits, others raise concerns about market volatility and allegations of "pump-and-dump" tactics.
The crypto community remains divided—some embrace the opportunities Musk creates, while others critique the unpredictability and risks involved. As with all investments, due diligence and caution are key.
Disclaimer: Always verify market trends and avoid basing decisions solely on speculation or influencers' actions.
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