Many rockets have been launched under the vision of Elon Musk, but the tech CEO and founder of SpaceX has raised one charge — a digital ejaculate — a second time.
Cost of CumrocketCUMMIES) Musk jumped 68% on Friday after he posted a meme on X (formerly known as Twitter) with an obscure username.
In Musk's post, popular internet meme Pepe the Frog is depicted meeting with the IRS, discussing the tax implications of chain activities involving “cumrocket” and “NFTitties.”
Musk's post may be a reference to the IRS extending tax reporting requirements on Wednesday, a Delay It will bring relief to crypto investors until next year. But after Musk's post, Cumrocket's price dropped 429% to $0.022 from $0.004 in less than an hour. That peak was short-lived, but CUMMIES continued to dominate before field tweets.
Starting from the field It is called With Dogecoin being his “fav cryptocurrency” in 2019, his ability to pick interest in lightly traded assets beyond volatility is well documented.
And while Musk's influence has grown since he spent $250 million to help President-elect Donald Trump win the White House, Musk still serves as the sudden kingmaker of meme coins in the cryptsphere.
In the year In 2021, a British TikToker and software engineer who goes by “Lydia” created CumRocket, which started BNB Chain. Adult actors Lacy London, Shelby Parris and Lauren Phillips served as ambassadors for the meme coin months after its release.
CumRocket promoters have previously zeroed in on Musk's posts. In the year In 2021, a group of fans will replace the Mask token with a A string of emojis At X. At the time, CumRocket rose as high as $0.21 before collapsing to $0.07 three days later.
On Friday, CumRocket's X account reiterated its love for the billionaire meme connoisseur by repeating an emoji that Musk once used.
Musk's taste in memes can drive markets, and so far, that's been scot-free.
A federal judge in Manhattan found Musk's public statements about Dogecoin last year to be “ambitious and inflammatory,” dismissing a class-action lawsuit filed by Dogecoin investors. After an acrimonious Back and forthThe case was dismissed in November.
Sam Bankman-Fried?
When it comes to famous Cumrocket owners, FTX founder and former CEO Sam Bankman-Fried might be among them. In the year In 2023, Coinbase Product Director Connor Grogan Connected. Disgraced crypto mogul's defunct hedge fund buys 950,000 CUMMIES.
A wallet linked to Bankman-Fried bought BNB for $173,000 worth of CumRocket in June 2021, according to BscScan. Data It shows. When the wallet's Cumrocket holdings were exchanged for Ethereum a year later, the tokens were only valued at around $2,200.
Grogan did not immediately respond to a request for comment. Decrypt.
Cumrocket's rise Thursday isn't the first time the meme coin has jumped on Musk's Pepe-related posts. Not even the first time this week.
Originally an anthropomorphic amphibian created by Matt Fury in 2005, Inspiration In the year Launching an $8.8 billion meme coin by 2023. Pepe (PEPE) is the third largest meme coin by market cap behind Shiba Inu (SHIB) and Dogecoin (DOGE)—the $53.8 billion meme coin that Musk has the most history with. .
While Musk changed his X name to Kekius Maximus earlier this week, when “Pepe the Frog Emperor” dawned as his profile picture, a meme coin named Kekius Maximus (A few) He was elevated. They responded by saying. The token was captured in an image first posted on X on December 10th.
Still, the meme coin's run was short-lived. Mask's profile scrolled back to his real name and face.
Edited by Andrew Hayward.
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