After Joe Biden announced his withdrawal from the 2024 US presidential race, billionaire Elon Musk changed his X profile picture.
The controversial billionaire changed his profile picture to laser eyes right after the news about Biden. He is a known supporter of Trump and must be happy with the democrat’s representative’s withdrawal from the presidential race.
A few days ago MAGA’s price surged by 20% after a Musk tweet. The Trump-related altcoin is currently trading at $7.2 after a 1% price increase in the past 24 hours.
Another similar surge could occur, since Musk’s influence in the crypto space is significant. Historically with his tweets he has sparked price rallys in many coins.
Although this move by Musk (changing his profile pic), might not be related to crypto, his influence can change the price trend of the market.
This is especially true for meme coins, as Elon Musk is known as “The Meme Lord”.
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Grayscale Investments has called on the U.S. Securities and Exchange Commission (SEC) to allow the launch of its multi-crypto ETF—the Grayscale Digital Large Cap Fund—arguing that further delays violate statutory deadlines and harm investors.
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