Elon Musk’s view has seen a lot of rocket launches, but the tech CEO and co-founder merely increased one that is billed as digital ejaculate for the next time.
The price of CumRocket ( CUMMIES ) had jumped 68 % Friday, hovering above$ 0.007 a day after Musk posted a meme on X ( formerly known as Twitter ) bearing the obscure token’s name.  ,
In Musk’s post, the popular internet meme Pepe the Frog is depicted communicating with the IRS, discussing the tax implications of on-chain activity involving” cumrocket” and” NFTitties”.
Musk’s blog may have made reference to the IRS’s delay, which will allow crypto investors to wait until the following year, as the IRS delayed filing taxes on Wednesday. But after Musk’s post, CumRocket’s price quintupled in less than an hour, rising 429 % to$ 0.022 from$ 0.004. That top was short-lived, but CUMMIES remains up significantly from before Musk’s message.
Since Musk called Dogecoin his “fav cryptocurrency” again in 2019, his skill to drums up interest in property that business on little more than emotions has been well documented.
And while Musk’s impact has grown significantly since he invested$ 250 million to help Donald Trump win the presidency, he still serves as a token kingmaker for meme currencies in the links.
Launched on BNB Chain in 2021, a British TikToker and software engineer who goes by” Lydia” created CumRocket. Lace London, Shelby Paris, and Lauren Phillips, the meme’s ministers, were in charge of it month after its launch.
CumRocket organizers have zeroed in on Musk’s content before. A group of fanatics believed that Musk had endorsed the coin through a number of symbols on X in 2021. At the time, CumRocket pumped as high as$ 0.21, before crashing to$ 0.07 just three days later.
On Friday, the CumRocket’s X bill reiterated its passion for the businessman joke connoisseur, reprising the series of emoticons that Musk had previously used.
Musk’s preference in cartoons may move areas, and so far, that’s been scot-free.
A federal judge in Manhattan ruled last year that Musk’s people remarks about Dogecoin were “aspirational and puffery,” rejecting a class-action lawsuit brought by Dogecoin owners. After an intense back-and-forth, the petition was dropped in November.
Sam Bankman-Fried?
When it comes to important CumRocket users, FTX co-founder and past CEO Sam Bankman-Fried may have been among them. In 2023, Coinbase Product Director Conor Grogan linked the disgraced blockchain mogul’s former hedge fund to a buy of 950, 000 CUMMIES.
The finances linked to Bankman-Fried had purchased the CumRocket total for$ 173, 000 worth of BNB in June 2021, BscScan information shows. The tokens were only about$ 2, 200 when the bag’s CumRocket assets were afterwards traded for Ethereum over a year later.
contacted Grogan for reply, but he did not respond right away.
CumRocket’s flight Thursday isn’t the first moment that a joke gold has jumped on Musk’s Pepe-related articles. It’s not even the second time this month.  ,
The human animal, actually created by Matt Furie in 2005, inspired the release of an$ 8.8 billion image gold in 2023. Pepe ( PEPE ) is the third-largest meme coin by market cap, behind Shiba Inu ( SHIB ) and Dogecoin ( DOGE ) —the$ 53.8 billion meme coin that Musk has plenty of history with.
When Musk changed his X label to Kekius Maximus earlier this year, dawning” Pepe the Frog Emperor” as his profile photo, a video gold named Kekius Maximus (KEKIUS) soared in reply. The coin was based on an picture that was posted to X for the first time on December 10.
However, the meme currency’s run was short-lived. When Musk’s report reverted to his real name and face, it tanked.
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