Elon Musk Shared Tweet: Token Price Takes Off!

Elon Musk is known as a popular figure in the crypto money market, and his statements and social media shares can significantly affect the prices of cryptocurrencies. Especially his statements and shares on his Twitter account can affect the volatility in various crypto currency prices. A current example of this situation reappeared today.

Known as the “DOGE Father”, Musk tweeted a few hours ago as “Culture” (CULT/CULTER) as shown below. sharing made. This sharing has affected the price of a token that has not been talked about much.

CULT DAO’s native token, CULT, has seen a sudden growth of 81.98% in the last 24 hours with the momentum it received from the tweet, and its price has risen to $ 0.0000086585.

Although the DAO is not known as a meme coin in the market, the volatility it records indicates that it is acting like a meme coin.

Unlike Elon Musk’s tweets, which helped push both DOGE and SHIB, there is no visible connection between the Twitter CEO and the Cult DAO team. This suggests that the ongoing rally will soon lose momentum. CULT is trading at a 30-day high after the spike in price. Due to the price increase, the transaction volume also increased by 1478%.

You can follow the current price action here.


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