Elon Musk made the price of CumRocket rise by nearly 400% in just 10 minutes after a tweet series of emoticons that seem to refer to adult cryptocurrency.
The alternative crypto, which is described as “the leading 18+ NFT platform for adult creators,” rose from $ 0.06 to $ 0.28 on Saturday after the technology billionaire’s apparent approval.
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The use of spray and rocket emoticons is often used by CumRocket fans online, while the inclusion of lunar emoticons means that the price goes to the moon.
The acronym produced by these three countries, combined with a wave of other crypto-related tweets, means that it is widely interpreted as endorsement of seed-themed cryptocurrencies.
The CEO of SpaceX also changed the photo of his Twitter account to an animated image with the bitcoin logo, with the character with sports “laser eyes” – a symbol used by cryptocurrency enthusiasts, which means their hope that bitcoin will reach 100,000 dollars.
The world’s most valuable cryptocurrency is currently trading at about $ 36,000 after falling from a record high of more than $ 64,000 in mid-April.
CumRocket responded to Mr. Musk’s tweet with a mocking version of SpaceX’s Starship rocket that included the cryptocurrency logo.
“What do you think @elonmusk?” We will even pay for the paint, “they wrote.
The US Securities and Exchange Commission (SEC) recently issued a statement warning of the risks associated with subsequent investment advice by celebrities.
“It’s never a good idea to make an investment decision just because someone famous says a product or service is a good investment,” the council said.
“Never make an investment decision based solely on celebrity approval or other information you receive through social media, investment newsletters, online advertising, e-mail, investment research websites, internet chat rooms, direct mail, newspapers, magazines, television or radio. ”
The SEC is reportedly investigating Mr Musk for his approval of the meme-inspired cryptocurrency dogecoin, which has seen huge fluctuations in 2021 based on his tweets and public comments.
“I hope they do!” It would be great, “Mr Musk tweeted in response to the reports.
The independent contact the SEC for comment.