Cryptocurrency Soars Over 200% Following an Elon Musk Statement
07.10.2024 7:00 1 min. read Kosta Gushterov
Elon Musk's attendance at a Donald Trump rally on October 5 in Butler, Pennsylvania, caused significant market moves in one of the meme coins.
Elon Musk’s attendance at a Donald Trump rally on Oct. 5 in Butler, Pennsylvania, caused significant market moves in one of the meme coins.
Musk, dressed in a black blazer, an “Occupy Mars” T-shirt and a black MAGA hat, was seen by many as highlighting his growing political involvement as the US election approaches in November.
At the rally, Musk encouraged attendees to vote, calling it “the most important election of this lifetime.” His presence highlighted his deepening ties with Trump, who earlier offered to appoint Musk to a commission on government effectiveness if re-elected. Musk also held a live conversation with Trump on the X Space platform in August, further cementing their political relationship.
Musk’s remarks regarding Dark MAGA, a Trump-inspired meme coin, sent its value up over 220% to approximately $0.0073. At the time of writing, however, the altcoin has lost some of its value and is trading for around $0.0065.
-
1
Fidelity Moves Forward with Spot Solana ETF as SEC Acknowledges Filing
04.04.2025 8:00 2 min. read -
2
Binance Announces Next Megadrop: New Airdrop Listing Confirmed
08.04.2025 20:00 2 min. read -
3
First Leveraged XRP ETF Set to Hit the U.S. Market
08.04.2025 11:16 2 min. read -
4
Coinbase Seeks CFTC Approval for XRP Futures Amid Regulatory Shifts
04.04.2025 17:00 2 min. read -
5
Ethereum’s Market Dominance Hits Five-Year Low: Can It Bounce Back?
07.04.2025 19:00 2 min. read
ARK Invest Makes Bold Move into Solana with Staked ETF Bet
ARK Invest has quietly deepened its exposure to Solana by adding a staked SOL investment to two of its tech-focused ETFs, signaling growing confidence in the blockchain’s long-term potential.
Altcoin ETFs Flood SEC as Bitcoin Maintains Unshakable Market Dominance
The U.S. Securities and Exchange Commission (SEC) is warming up to the idea of expanding the crypto ETF landscape beyond Bitcoin, with 72 crypto-related ETF proposals now awaiting review.
XRP Futures Go Live on Coinbase, Opening Doors to Institutional Investors
Coinbase has officially rolled out CFTC-regulated futures contracts tied to XRP, marking a significant step forward for institutional adoption of the Ripple-associated token.
Tether’s $1B Mint Spurs Speculation as Bitcoin Bounces Back After Powell–Trump Clash
A fresh wave of speculation has hit the crypto market following a hefty stablecoin issuance by Tether, which quietly minted $1 billion worth of USDT on the Tron network earlier today.
-
1
Fidelity Moves Forward with Spot Solana ETF as SEC Acknowledges Filing
04.04.2025 8:00 2 min. read -
2
Binance Announces Next Megadrop: New Airdrop Listing Confirmed
08.04.2025 20:00 2 min. read -
3
First Leveraged XRP ETF Set to Hit the U.S. Market
08.04.2025 11:16 2 min. read -
4
Coinbase Seeks CFTC Approval for XRP Futures Amid Regulatory Shifts
04.04.2025 17:00 2 min. read -
5
Ethereum’s Market Dominance Hits Five-Year Low: Can It Bounce Back?
07.04.2025 19:00 2 min. read
