Cryptocurrency markets are frequently stimulated by Elon Musk's posts on the social media platform X (formerly Twitter). On May 24, there was another movement when Musk commemorated Dogecoin (DOGE) and the death of a gorilla named Harambe. This event led to a significant increase in the prices of both the meme coins DOGE and HARAMBE. However, a large meme coin purchase right before this event caught the attention of many.
On-chain Analysis and Investor Moves
According to data from the on-chain analysis platform Lookonchain, an anonymous cryptocurrency investor purchased 1.94 million HARAMBE coins by withdrawing 661 Solana (SOL) worth 116 thousand dollars from the Binance exchange about a day before Musk's post. This investor quickly earned 200 thousand dollars after Musk's post. This led to speculation that the investor knew about Musk's post in advance.
Elon Musk and His Impact on Cryptocurrency Markets
Elon Musk is a very influential figure in the cryptocurrency world. His previous tweets about Dogecoin, Bitcoin and various other cryptocurrencies caused sudden fluctuations in the prices of these assets. The fact that Musk has a large follower base and his posts have serious repercussions in the market causes investors to follow his social media accounts closely.
Speculations on the Identity of the Mysterious Investor
This big meme coin purchase, made shortly before Musk's post, led to various speculations among social media users. Some users suggested that this investor could be Elon Musk or someone connected to him. Such claims were further strengthened by the fact that the investor made a huge profit in a short time and the transaction took place just before Musk's post.
On-chain Data and Claims
By monitoring transactions on the blockchain, on-chain analysis platforms can analyze the movements of specific wallets and the timing of these movements. The data provided by Lookonchain reveals that the investor in question purchased HARAMBE with the $116 thousand SOL he withdrawn from Binance and carried out this transaction just before Musk's post. This supports the claims that the investor knew about Musk's post in advance and invested based on this information.
Speculations and Possibility of Market Manipulation
Allegations of informed trading and market manipulation in cryptocurrency markets are not new. The potential for big whales and influential figures in particular to manipulate the market always creates concern among investors. It is thought that a similar situation may have occurred in this incident. The large purchase made by the investor before Musk's post increases such speculations.
general evaluation
Elon Musk's influence on the cryptocurrency markets is indisputable. However, this effect can also pave the way for situations that may cause some investors to gain unfair profits. Musk's big meme coin purchase, which took place before his latest Dogecoin and Harambe post, may be an example of such situations. This incident once again reveals how volatile and speculative cryptocurrency markets can be.
It is important for investors to be careful about such speculations in the market and to make analyzes that confirm the information so that they can make healthier and more informed investment decisions. As the influence of social media posts of figures such as Elon Musk on the markets continues, such speculations and market movements will be inevitable.
PLEASE READ CAREFULLY FOR A GIFT OF 10 DOLLARS.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET CONFIRMATION ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.
