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- Elon Musk’s recent tweet, a cryptic reference to bodily fluids, boosted prices of cum-themed cryptocurrencies, CumRocket Crypto and CumInu.
- The Tesla CEO was on a tweeting spree, where his tweets caused significant damage to the BTC, ETH, and DOGE market.
- National Football League player, Russell Okung, is installing billboards near Tesla and SpaceX that read “Stick to Space, Elon.”
Billionaire entrepreneur and business magnate, Elon Musk, is notorious for playing the cryptocurrency market like the strings of a violin. His tweets, be it a mere word or some coded dialogue, tend to keep netizens on their toes interpreting ‘the next big thing.’ The recent one, a cryptic reference to bodily fluids, has caused a significant explosion in the ‘cum’-themed cryptocurrency market.
Elon Musk’s Cryptic Tweet
At around 3:25 a.m. (UTC), Friday, the Tesla CEO tweeted the names of 3 North American nations, the initials of which together read ‘CUM.’ The netizens were quick to decipher and associate it with the less than 2-month old cryptocurrency, CumRocket Crypto (CUMMIES).
It is no surprise that a single tweet from the centibillionaire can send assets soaring or plunging, and that’s what happened this time too. CUMMIES was trading at $0.04086 at the time of his tweet and soon reached $0.09475 in just a little over two hours. At the time of writing, the token price is up 48% to $0.082, trading with a market cap of $103.4 million and a 24-hour trading volume of $3.3 million.
The CumRocket Crypto is up by 56.38% and 59.59% against Bitcoin (BTC) and Ethereum (ETH), respectively.
Soaring Prices In The Cum-Themed Crypto Market
However, CUMMIES wasn’t the only cum-themed token riding on the rising waves of Musk’s oblique tweet. Another similarly themed coin, CumInu (CUMINU), trailing at somewhere around $0.0013 prior to the tweet, touched $0.00209 in just half an hour. At present, CUMINU is up by 36%, trading at $0.0018 with a fully diluted market cap of $18.1 million and a 24-hour trading volume of $7.3 million.
The CumInu is in the green at 44.40% and 47.24% against BTC and ETH, respectively.
Declining BTC And ETH Rates
On Thursday night, Musk was on a meme tweeting spree, where his tweets and replies, while engaging the netizens, led to a massive decline in prices of the two largest cryptocurrencies by market cap, Bitcoin and Ethereum. Previously trading at around $39,247, BTC price came down to $36,322 in the following six hours, with ETH tracing a similar path from $2,870 to $2,592.
At press time, BTC is trading at $39,724 with a 7-day increase of 5.38%, while ETH is at $2,814, a 5.78% 7-day increase.
Dogecoin Also Suffered The Aftereffects
The entrepreneur’s prodigy coin, Dogecoin (DOGE), didn’t make much of an appearance the night before. With a slight mention at 3:57 (UTC), DOGE touched $0.3981 at 3:59 (UTC) but has been on a declining path since. Presently, the $47.4 billion crypto coin is down by 14.42% at $0.358, with a 24-hour trading volume of $6.98 billion.
This Thursday, the SpaceX founder and CEO was even told by the National Football League player, Russell Okung, to “Stick to Space.” To better deliver his message, Russell is installing billboards near Tesla and SpaceX facilities expressing the same.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
