Billionaire Elon Musk’s X-Post attracted attention for Solana’s Peanuts the Squirrel (PNUT) token.
His Tuesday post, mask Bash The government is Epstein Client ListIncludes memes that laugh at the judicial system. The meme hinted at the fact that more squirrels and raccoons have been arrested than Epstein’s affiliates.
Crypto Traders tied Musk’s post to Solana’s PNUT token
Musk also mentioned a squirrel called Peanuts “arrest (and killed)” in his post. pnut token Explicitly, the timing of his post coincided with a surge in coin prices and trading activities.
He writes: “They arrested (and killed) Peanuts, but have not even tried to file a claim against anyone on Epstein’s client list. The government is deeply broken,” he wrote.
So far, the post has received over 13.7 million views, earning almost 45% of views in just a few hours. Crypto investors appear to be linking his post to Solana Meme Coin. After his post, PNUT tokens surged 10% to $0.2357. Asset trading volumes also increased by 80%, exceeding $214 million. Currently, Meme Coin has a market capitalization of $223 million. trading $0.2257.
Mask’s past posts have driven a rise in crypto prices
This is not the first time that a masked post has driven a rise in cryptocurrency prices. In January he changed the X’s handle to “Kekius Maximus,” and displayed the photo “Pepe the Frog” in Roman army attire, and held a video game joystick. After his change, the Kechius Maximus Token skyrocket Over 900%.
In 2021, Musk wrote in one of his posts, “Dogefather SNL May 8,” with Dogecoin, a popular meme coin, rising more than 20% in 24 hours. Again, in 2024, he posted AI images related to the token, with the price rise of the token increased by around 8%.
Additionally, in January 2021 he changed bio on the platform to #bitcoin. Soon after, Bitcoin prices rose from around $32,000 to over $38,000, adding $111 billion to its market capitalization. Additionally, Ethereum-based meme coinfloki rose 418% after the billionaire posted a photo of a dog named Floki in 2023.
Judging by history, mask memes and crypto-related posts, no matter how subtle they may be, tend to trigger a quick response in the crypto market. In this case, satirical political references have driven Solana’s meme tokens upwards, but whether the tokens can grow more hinges with future hype and towing.
Musk wants to establish a new political party
Meanwhile, the billionaires are focusing on building third parties that could rival Republicans and Democrats. Musk revealed the birth of the American Party. He promotes the new party as a tech-driven, financially responsible, energy-friendly, and political centric, with the aim of attracting both Democrats and Republicans.
However, experts warn that disbanding the grip of traditional political parties requires a large amount of money and long-term commitment. They noted how previous attempts failed, especially as domestic elections are at state-by-state levels. But there are some who are optimistic that Musk could pull out along with his new party, including David Jolie, a former Republican Rep. from Florida. Jolie believes the challenges in forming a new party are resources, and points out that Musk can provide it.
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