Elon Musk’s Tweet Sparks 30% Surge in Altcoin Value

In a familiar scenario from 2021, an altcoin saw a significant price jump following Elon Musk’s unexpected social media reaction. This echoes previous instances where meme coins experienced a surge fueled by broader market trends. Today, Shiba Coin stands as the leading altcoin in this trend. 2023 has seen numerous altcoins surge due to Musk’s tweets and comments. The effect was amplified when Elon Musk tweeted in response to a post from Autism Capital regarding Do Kwon’s legal situation. His amused reaction prompted an over 30% increase in the altcoin’s value, with market observers not surprised given APU Coin’s limited supply and liquidity. ]