‘Get yourself going’: Elon Musk’s explosion sparks a meme coin

This week's crypto tokens are inspired by dead people, though not as silly. Charlie Munger who hates Bitcoin And The controversial American diplomat Henry KissingerOther head-turning meme coins have popped up this week — and perhaps most surprisingly, they're inspired by the most famous. Dogecoin Fan himself, Elon Musk.

Musk, the owner of Twitter (now X) and CEO of Tesla and SpaceX, made headlines Wednesday when he spoke to Disney CEO Bob Iger and executives from other companies. “To beat yourself up.” During the stage interview.

Disney and companies like Apple, IBM and Ubisoft Announcement from Twitter Musk highlighted the anti-Semitic post and criticized the Anti-Defamation League, a non-profit organization dedicated to fighting anti-Semitic hate. Companies have complained that anti-Semitic and white nationalist content is appearing alongside their ads on Twitter.

Despite his own stated reasons for pulling out of Twitter, Musk publicly attacked them this week. And that outcry has now become the basis for a series of meme coins, continuing the trend of Musk-themed crypto tokens – before, in most cases, quickly fading from memory.

A number of GFY tokens have emerged on such networks. Ethereum, SolanaAnd BNB chainBased on information from Gecoterminal. While most are not particularly liquid, the GFY Ethereum token pool on Uniswap It has more than $600,000 in liquidity, and the token itself has a market cap of $7.28 million at just $0.0000107. It is up 77% on the day.

Similarly, there are a number of mammoth coins inspired by Tesla's newly released Cybertruck, the largest of which is deployed on the BNB Chain. of Cybertruck token The price surged 125 percent to over $0.09, adding $671,000 worth of trading volume over the past day—even though its market cap is only $163,000.

Meme coins Fame is fickle, and while they can sometimes rise dramatically based on publicity and associations with public figures and current events, they also often fall. Sometimes, usually anonymous creators “Pulling the Carpet” use meme token and investors as exit liquidity. In any case, it is very easy to lose money on meme coins, which are mainly favored by their own “regenerate” traders.

Musk has long captivated meme coin enthusiasts with his interest in Dogecoin, according to his tweets about it. He often moved the market in the past. And he has been promoting all kinds of tax coins before now The latest GROK token Based on Twitter's AI assistant, and Floki Inu– A brand named after a musk dog, apparently.