news 
Elon Musk Skyrocket CumRocket Coin by 429% with a Funny Tweet
January 4, 2025 | Crypto Live News
In a shocking turn of events, Elon Musk has once again demonstrated his immense influence on the cryptocurrency market. This time, he has propelled the lesser-known CumRocket (CUMMIES) coin to surge a staggering 429% in just one hour.
The unexpected price hike was sparked by a humorous tweet posted by the billionaire entrepreneur. In the meme, Pepe the Frog is seen discussing tax reporting with the Internal Revenue Service (IRS), referencing the IRS’s delay on tax reporting for crypto investors. The lighthearted joke appears to have resonated with the cryptocurrency community, leading to an unprecedented rally in CumRocket’s price.
The coin, which traded at $0.004 mere hours ago, skyrocketed to a new all-time high of $0.022 within a span of just 60 minutes. Although the sudden surge did not sustain itself, the coin remains significantly higher than its pre-tweet value, illustrating Musk’s profound impact on crypto prices.
As one of the most influential figures in the tech industry, Elon Musk has consistently demonstrated his ability to shape market trends with his Twitter activity. This recent event serves as a stark reminder of his immense power and influence within the cryptocurrency space.
It is undeniable that Elon Musk’s involvement has the potential to drastically alter the trajectory of individual cryptocurrencies, underscoring the importance of monitoring his tweets for crypto enthusiasts and investors alike.
Source: coinpedia.org
