Musk’s orders have both short-term and long-term effects on the Meme currency market.

In the short term: 1: Prices fluctuate significantly. After Musk placed an order for PNUT on November 13, 2024, it exceeded $2.5 in a short period of time, with a 24-hour increase of 422.3%. On November 11, affected by news related to the launch of Binance, PNUT touched $0.28 in a short time, a 1-hour increase of 141.15%.

2: It is the sharp increase in market attention. Musk's huge influence can make many investors focus on the Meme currency market. Related currencies become the focus, and investors follow suit and buy, pushing prices higher.

3: The trading activity has increased significantly. After placing orders, investors became enthusiastic about trading, and the trading volume of related Meme coins increased significantly. SoSoValue data shows that among the top 10 non-stable currency transactions in the encryption market on November 14, 2024, Meme coins accounted for six seats, and the Meme project attracted a large amount of liquidity.

Musk #Marvin 7055 Mars Dog 🐶 Yesterday the price rose as high as 300%. Brothers, this is a hundred times the coin, go ahead! $PNUT