Elon Musk Targeted by ‘StopElon,’ ‘F***Elon’ Crypto Coins Over Market Influence
- Date: 18-May-2021
- Source: Newsweek
- Sector:Financial Markets
- Country:Middle East
Elon Musk Targeted by ‘StopElon,’ ‘F***Elon’ Crypto Coins Over Market Influence
Cryptocurrency tokens that exist solely to protest against Elon Musk's apparent market influence have been launched.
One such token, $STOPELON, is currently worth $0.000015 with a market capitalization of around $8 million, though this is likely to change quickly. Another, $F***ELON, is worth around $1.67 with a market cap of just under $150,000.
Musk, the billionaire CEO of Tesla and SpaceX, is thought to be influential over the price of some cryptocurrency tokens. Dogecoin, the meme token that was launched as a joke in 2013, made headlines this year partly buoyed by Musk's support.
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