Recent Elon Musk Post Sparks Surge in Meme Coin

Elon Musk’s recent social media activity has sparked a notable rise in the Non-Playable Coin (NPC), a cryptocurrency tied to the NPC meme.

Musk shared a video referencing the NPC concept, inadvertently boosting the value of NPC, a meme coin on Ethereum and Base.

On Saturday, Elon Musk posted a video about the NPC meme, originally created by Mario Nawfal, host of Mario Nawfal’s Roundtable.

This video, which discusses the idea that many people act like non-player characters in real life, has led to a significant increase in the value of NPC, a coin that emerged last year after Musk previously expressed interest in the meme.

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The video, which originally appeared on Joe Rogan’s podcast, gained traction after Musk’s endorsement, leading to the second unintentional boost for NPC by Musk. The coin’s value surged by 42%, reaching $0.02463, with recent trading volume jumping 70%.

Such incidents are not uncommon with Musk’s involvement; similar spikes have occurred with other cryptocurrencies like Dogecoin and Shiba Inu. This underscores the volatile nature of meme coins and the importance of thorough research before investing.

Alexander Stefanov