CULT – the parent token of the Cult DAO project – rose more than 70% shortly after Elon Musk dropped a mysterious tweet containing the same name.
The CEO of Twitter, Tesla, and SpaceX is known as one of the most influential individuals in the crypto world. His previous comments have caused other digital assets to fluctuate in price over the past few years, including Dogecoin (DOGE), Floki Inu (FLOKI), and others.
- Musk once again proved that even a short tweet he posted can lead to a significant increase in the price of a certain token. His most recent post on the social media platform It includes The words “cult” and “culture”.
- Although it was not disclosed what was behind the statement, the Twitter CEO caused a surge in the price of CULT (the native token of Cult DAO), which rose by more than 70% in a matter of hours.
- Musk’s past influence in the cryptocurrency market is well known and he usually includes his favorite Memcoin Dogecoin, as well as Fluky Eno.
- DOGE’s rating went north several times after the South African billionaire’s remarks. Recently, it is change Twitter’s main logo in an image of the main Twitter meme “Doge” logo, which increased the price of the asset by 25%.
- FLOKI is also up due to Musk’s interactions. The businessman uploaded a mockumentary image to Twitter in February, depicting his dog as the social media giant’s new boss.
- Given that the pet’s name is Floki, it’s no wonder why the dog-themed digital asset – FLOKI – is so pricey. I jumped by more than 40% in the following hours.
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