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Home” Meme Coins” Elon Musk’s tweet sends out adult-themed crypto rates skyrocketing 400%
by
Vivian Nguyen
Jan. 3, 2025
Elon Musk’s tweets continue to wield tremendous impact over market patterns.
Secret Takeaways
- Elon Musk’s tweet triggered CumRocket’s rate to rise by 400% in under an hour.
- Musk’s impact on social networks continues to effect crypto rates substantially.
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Adult-themed token CumRocket rose 400% in under an hour after Elon Musk tweeted an image including Apu Apustaja, a Pepe the Frog variation, along with the token’ s referral.
Source: Elon Musk
The token’ s cost leapt from $0.004 to $0.02 following Musk’ s Thursday tweet, according to CoinGecko information. The momentum rapidly faded. The token presently trades at around $0.008, representing an 95% boost over the last 24 hours.
Musk had actually formerly tweeted about CumRocket in June 2021, when a series of his emojis, commonly viewed as a recommendation to the token, triggered its cost to increase almost 400% in simply 10 minutes.
Musk’ s tweets have a history of triggering significant variations in crypto rates, affecting properties such as Dogecoin (DOGE) and, in a more current case, Kekius Maximus (KEKIUS).
Previously today, the KEKIUS meme token experienced a 1,200% rise after Musk embraced the Kekius Maximus personality on X. The token reached a market cap of $380 million before pulling away as Musk reverted his X identity.
The current tweet likewise impacted other associated tokens, with the Solana-based APU meme coin increasing 18%, CoinGecko information programs.
The post came in the middle of issues about the IRS’ s brand-new crypto tax reporting requirements, which lots of think might result in greater tax liabilities and administrative concern.
The IRS has actually postponed brand-new crypto tax reporting requirements up until January 1, 2026. This extension supplies extra preparation time for digital property brokers to adjust to regulative modifications mandating the reporting of expense basis on central platforms.
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