An adult-themed meme coin went ripping on worth charts Thursday after tech mogul Elon Musk dropped a humorous publish referencing the cryptocurrency.
What occurred: BNB Chain BNB/USD-based CumRocket (CUMMIES) skyrocketed 175% within the final 24 hours, leading to a market capitalization of over $15 million.
The coin outstripped the good points of main cryptocurrencies like Bitcoin BTC/USD and Dogecoin DOGE/USD whereas its buying and selling quantity exploded 1451% to $6 million.
The searing rally adopted an X publish by the Tesla and Area X CEO that poked enjoyable on the existence of adult-themed digital property, together with CUMMIES and a non-fungible token assortment, NFTitties.
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The {photograph} depicted “Pepe the Frog” trying to grasp his tax liabilities from the Inside Income Service.
Whereas the favored meme coin Pepe PEPE/USD gained marginally, its variant Apu Apustaja (APU) jumped 13% in response to Musk’s publish.
Musk could be referring to the IRS delaying new cryptocurrency tax reporting necessities by offering non permanent transition reduction to buyers.
The tech titan’s social exercise continues to make waves within the cryptocurrency area. He just lately modified his identify on X to Kekius Maximus, triggering a large rally for a coin bearing the identical identify.
Cash tied to grownup themes had been additionally a factor within the intriguing cryptocurrency market, with Mom Iggy (MOTHER), themed round Australian rapper Iggy Azalea, being probably the most distinguished with a market worth exceeding $34 million, in accordance to CoinMarketCap.
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