A new US election-themed altcoin rose 70x after Elon Musk’s recent Twitter Space event. Tesla CEO triggered the rally of a series of meme tokens with his tweets in the past weeks.
US election-themed coin made 70x with the influence of Elon Musk
A token named RON, named after Florida Governor Ron DeSantis, has experienced a staggering 7178% rally on decentralized exchanges in the past 24 hours. Another trending token, Robert F Kennedy Jr (RFK), has surged over 4000% within the same hours, according to DEXTools.
DeSantis officially announced his candidacy for the 2024 US presidential election, presenting his candidacy documents on Wednesday, in his first statement on Twitter. The US Presidential candidate recently expressed his support for Bitcoin.
Florida Governor DeSantis made the announcement with Elon Musk
DeSantis, 44, came to the fore with the campaign video in which he announced his candidacy. DeSantis had an interview with Elon Musk in his broadcast on Twitter, despite the technical setbacks. “I am entering the presidential race to lead America’s great comeback,” the campaign video said. More than 400,000 people attended this Twitter broadcast live.
Spaces with @RonDeSantis in ~2 hours!
— Elon Musk (@elonmusk) May 24, 2023
After the announcements, the RON token, named after Florida Governor Ron DeSantis, gained 7178 percent. This new meme token was produced shortly after the duo got together on Twitter.
Also, another US election-themed new coin named Robert F Kennedy Jr (RFK) surged over 4000%.
Owners of Milady NFTs enjoy millionaires
Prior to the US election-themed coins, tokens linked to Milady NFTs were on the agenda last week. Prices for the popular Milady NFT collection skyrocketed after an Elon Musk tweet. Now, NFT-holding investors are starting to cash out their earnings from the past weeks.
In early May, the Milady collection was on the rise with the following Elon Musk tweet. Each NFT was trading for 3.4 ETH at the time. Some instantly jumped as high as 200% and each Milady received $13,700 worth of ETH at the peak. Also, an unrelated LADYS token has risen thousands of percent to reach a market cap of over $120 million.
— Elon Musk (@elonmusk) May 10, 2023
According to data from OpenSea, all gains have been reversed since the NFT collection reverted to prices before Musk’s tweet. The collectible price dropped as low as 3.2 ETH per NFT on Thursday.
As Kriptokoin.com, we have included Elon Musk’s statements that activate Milady NFTs in this article.
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