Cryptocurrency Tesla CEO Elon Musk, who is famous for influencing the market with his tweets, this time is another altcoin Moved project to profile picture.
many times before dogecoin and bitcoin Musk, who shared about the issue, greatly increased the price of these cryptocurrencies.
Elon Musk First Launched The Price Of ApeCoin Altcoin With His New Profile Picture, Then He Bottomed It!
In his last move, Elon Musk took the profile picture this time. Bored Ape Yacht Club Replaced it with some NFTs from the NFT collection. After this move of Musk, who did not make any statement on the subject in the first place, the altcoin of the project ApeCoin made a big splash.
The altcoin, which rose to $ 17.60 with its sudden movement from $ 14.6, was waiting for a big surprise.
After changing his profile picture, Musk, who tweeted about 45 minutes later, this time caused the price of ApeCoin to bottom out. Known for his opposition to NFT, Musk referred to the “immutability” characteristic of NFTs and tweeted that “it seemed changeable to me” when he made his profile picture.
I dunno … seems kinda fungible
— Elon Musk (@elonmusk) May 4, 2022
With this tweet from Musk, ApeCoin melted most of its rise.
ApeCoin is trading at $ 15.92 at the time of this writing.
*Not investment advice