Following the successful test launch of Elon Musk's Starship, copycat cryptocurrencies named after SpaceX experienced significant price spikes. Tokens like SPACEX and a Solana-based token surged by 5,824% and 216% respectively. However, an NFT gaming token named StarShip saw a modest 0.9% increase. The actual Starship launch marked a technological milestone, with the rocket's successful return being caught by the launch tower's 'chopsticks' arms. Elon Musk's influence on the crypto world is evident, with his social media posts impacting various cryptocurrencies. Despite his positive influence, Musk's name has also been exploited by scammers for fraudulent activities. These incidents highlight the risks associated with public figures in the crypto market. Musk's statement post-launch indicated the potential for rapid rocket relaunches, showcasing SpaceX's advancements in space technology. Read more AI-generated news on: https://app.chaingpt.org/news