We all know how important the Elon Musk effect is in the Bitcoin and altcoin market. Now there is an interesting news. Accordingly, Musk used interesting expressions for an altcoin. Let’s see the details.
Elon Musk targets altcoin
The details are really interesting. It’s about the suspension of a bot account. There is a bot account on Twitter called “ExplainThisBob”. Moreover, this account is very popular. Here is Elon Musk made an announcement about the suspension of this account. The announcement actually has a reason. Elon Musk states that there are allegations that the account promotes a cryptocurrency scam. At this point, the concerns have reached serious dimensions. Musk didn’t just make the suspension announcement. There is also a warning in the posts. Accordingly, Musk warns investors and users about the altcoin, which is known as BOB. Musk highlights a potential scam.
This sure looks like a scam crypto account. If so, it will be suspended.
— Elon Musk (@elonmusk) June 18, 2023
When the doubts reached serious dimensions, Elon Musk could not remain indifferent to this issue. In his statement, he points out that this definitely looks like a cryptocurrency scam account. On the other hand, he also stated that such a situation requires the suspension of the account. It is really remarkable that Musk’s first statement is in a soft tone. Because, of course, no one would expect such a soft tone about fraud. However, Musk’s statements did not end there.
Second message in a harsh tone and collapse in altcoin
While Elon Musk’s first message is a warning, the second message gradually takes on a harsh tone. In his second message, Musk openly emphasizes that there will be a price for the bot to masquerade as funny and benevolent and encourage scams. Accordingly, Musk states that it does not matter how much they pay themselves. It is known that Musk interacts with this account from time to time. In addition, the BOB token was also seeing significant increases at each engagement time. But now the situation has taken on a slightly different face.
Promotion of scams under the guise of being a funny/helpful bot will result in suspension. Doesn’t matter how much you pay us.
— Elon Musk (@elonmusk) June 18, 2023
BOB, one of the tokens in the meme coin wave, has been severely affected by this development. Cryptocurrency BOB suffered serious losses after these statements by Elon Musk. When we look at Kriptokoin.com, the meme coin has experienced a decrease of 31.83% at the time of writing. The cryptocurrency was trading at $0.00002119 at the time of writing. On the other hand, there is a decrease in the market value. Accordingly, the market value of the token has dropped below the $15 million level after the development.
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