CULT – the native token of the blockchain mission Cult DAO – soared by over 70% shortly after Elon Musk dropped a mysterious tweet containing the identical identify.
The CEO of Twitter, Tesla, and SpaceX is called one of the influential people on this planet of crypto. His earlier feedback have induced value swings in different digital property prior to now few years, together with Dogecoin (DOGE), Floki Inu (FLOKI), and others.
- Musk has confirmed as soon as once more that even a brief tweet posted by him may set off a major value enhance of a sure token. His most up-to-date put up on the social media platform contained the phrases “cult” and “tradition.”
- Regardless of not revealing what stands behind that phrase, Twitter’s CEO induced a value spike of CULT (the native token of Cult DAO), which spiked by greater than 70% in a matter of hours.
- Musk’s earlier affect within the crypto market is well-known and usually includes his favourite memecoin Dogecoin, in addition to Floki Inu
- DOGE’s valuation has gone north a number of instances following bulletins by the South African billionaire. Most just lately, he changed Twitter’s major emblem into an image of the notorious “Doge” meme Twitter’s major emblem, propelling a 25% value enhance for the asset.
- FLOKI has additionally soared attributable to Musk’s interactions. The entrepreneur uploaded a sarcastic photograph on Twitter in February, depicting his canine as the brand new boss of the social media big.
- Contemplating that the pet’s identify is Floki, it’s no marvel why the worth of the dog-themed digital asset – FLOKI – skyrocketed by greater than 40% within the following hours.