The sensational name of the crypto market and Dogecoin fan, Elon Musk is not sitting still. This time, he sent an altcoin project to the moon in a seemingly innocent tweet. The richest man in the world posted a photo on Twitter with the message ‘Santa Floki’ about his dog wearing a Santa Claus outfit. So far, nothing seems out of the ordinary, but a cryptocurrency of the same name soon rose by five-digit percentages. For details of the news cryptocoin.com keep reading.
Elon Musk’s tweet sends altcoin project to the moon
Elon Musk’s name has become synonymous with big earnings for meme coins in the crypto space, in addition to being the CEO of some of the most prominent companies today. Its influence wasn’t limited to just giving glory to the original meme coin. It has also grown quite a bit outside of Dogecoin with the emergence of a large number of imitators.
Even Elon Musk tweets, which are not clearly related to digital assets, have generated incredible profits for the token of the same name. We saw the most recent example of this when the billionaire shared a photo of his dog named Floki in a Santa outfit. Elon Musk ignited the altcoin project of the same name by sharing ‘Floki Santa Claus’.
While this may seem somewhat normal during the Holiday season, it’s only normal in the cryptocurrency markets from now on. The creators of a digital asset with the same name but opposite decided to take advantage of this opportunity with Santa Floki (HOHOHO), claiming that Elon Musk was tweeting about their project, not just about his dog, it seems.
According to CoinGecko, the altcoin price skyrocketed from $0.00000012935 in the following hours and days to an all-time high of $0.00000245 on Monday. This represented a mind-blowing 18,840% increase in roughly 48 hours. Since then, the meme coin has dropped more than 60% and HOHOHO is currently trading at $0.00001.
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