Elon Musk’s Repost Fuels Shoggoth Memecoin Surge, Crypto Market Explodes

The crypto market experienced a sudden surge as the Shoggoth memecoin (SHOGGOTH) saw a dramatic price increase of over 84% within just one day. While there was no direct mention from Elon Musk about SHOGGOTH, his recent post on X (formerly Twitter), featuring an image linked to the token, appears to have ignited this explosive surge. The connection to artificial intelligence is what fueled this rapid climb in price, adding another layer of cultural relevance to this rapidly growing sector. 84% price increase highlights just how powerful social media influence can be on the volatile world of cryptocurrencies.