đđ Tokens Influenced by Elon Musk Pummel the Crypto Market, with Market Capital expenditures Over $25 Million.
Hundreds of tokens have been created in response to Elon Musk's contentious remarks this week; some of them have market capitalizations of more than $25 million.
GFY, which stands for "go fâk yourself," was the most popular token among the rest, having been released on over 250 networks, primarily Ethereum, Solana, BNB Chain, and Arbitrum.
These tokens have market capitalizations ranging from less than $15,000 to over $25 million; the most valuable one has garnered $19 million in trading volume from over 4,000 investors in the last day.
Other tokens that were influenced by Musk are GROK, which is named after the GrokAI chatbot developed by xAI, a branch of X, and TRUCK, which emerged after Tesla unveiled its Cybertruck.
after GROK was first issued in early November, it had a spike of over 10,000%, but it later fell by 50% after its developer was connected to unsuccessful enterprises.
Meme coins have becoming more and more common in the world of cryptocurrency trading, and some seasoned investors think they will always be a part of the industry.
