Tesla CEO and X owner Elon Musk shared a new video that shows a golden monument with different inscriptions on it.
Elon Musk's mysterious tweet sparked enthusiasm among BTC, SHIB, XRP and DOGE users. The golden monument rotates to loud music. At the top of the monument is the inscription NFT. Also visible are the words “Vanity Trophy,” the popular cryptographic term “HODL,” and the words “Never Sleep Computers.”
Users believe that this post carries a number of messages. First, the NFT market has likely crashed, with some of the largest assets falling significantly from their debut prices.
Additionally, if the hodling principles that many cryptocurrency proponents adhere to worked flawlessly, the regular price crashes that the market experiences would not occur and the industry would always strengthen, but this is not the case.
Given the likelihood of SEC approval for a spot Bitcoin exchange-traded fund (ETF), analysts are predicting another run for Bitcoin and altcoins, but Elon Musk seems to be hinting that the opposite may be true.