Elon Musk’s Twitter post gave a memecoin a 10,000 percent rise.
The crypto industry has evolved from the bear and bull cycle to a new dimension. In this case, the social activities of emerging cryptocurrencies and the support of celebrities began to play an important role. Pepe managed to reach a transaction volume of 10 billion dollars with the community he took behind him.
In recent days, there has been a rise again signed by Elon Musk. Musk brought up a figure named Lady in his post on Twitter. A cryptocurrency that emerged with the figure of a lady experienced an increase of about 8.912 percent.
Elon Musk and Memecoins Are Unbreakable
Twitter boss Elon Musk is seen as the number one name in the memecoin ecosystem. Musk, who previously made remarkable posts in memecoins such as Dogecoin, Shiba and Floki, made these tokens stand out.
The billionaire name, who kept his silence in the last Pepe fury, aroused excitement with a new share. The other day, Musk shared a figure named Lady. This sharing almost flew the token called Milady Meme Coin. The token, which spent the day with a volume of 500 thousand dollars before the sharing, reached a volume of 150 million dollars after the sharing.
However, this sharing of Musk also garnered a reaction from the crypto ecosystem. Many crypto investors have made allegations of manipulation and inside trading.
Lookonchain followed the movement in the memecoin named LADYS with this sharing. The data provider detected a large amount of purchases in the token just before Musk’s sharing.
In addition, rumors began to circulate that this token would be a new Pepe. In this new era in which crypto evolves, investors need to act very carefully.
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