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Thursday, October 28, 2021

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Elon Musk provoked the emergence of a new cryptocurrency, which immediately grew by 3500%

Tesla and SpaceX founder Elon Musk rocked the cryptocurrency market again on Friday, leaving a seemingly harmless message about his new dog.

He stated that he had chosen a nickname for his Shiba Inu puppy. His name will be Floki. In early May, Elon Musk first announced that he intends to take a Siba Inu puppy. Then the cost of the Shiba Inu cryptocurrency increased by 68% per hour.

After Friday’s message from Musk, the Shiba Inu rate rose by 26% but later corrected. However, something else is more interesting: after 9 minutes after the appearance of Musk’s post on Twitter, the Floki token was created on the Uniswap decentralized crypto exchange. Within an hour, its price increased by 795%, to $ 0.000000001100. As a result, the growth was about 3500%.

This time, it is difficult to accuse Musk of manipulating the cryptocurrency market, but it so happened historically that each of his messages, which at least indirectly concerns this market, can cause a real storm on it.

Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: Tammy@oicanadian.com Phone: +1 513-209-1700

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