The cryptocurrency powering an adult entertainment ecosystem skyrocketed following an apparent cryptic endorsement by tech tycoon Elon Musk.
following the tech billionaire’s emoji-coded nod to it. According to CoinMarketCap data, Cumrocket’s price increased by over 352% from its 24-hour low of $0.05482 to its all-time high of $0.2481.
This sudden and explosive price movement of the coin followed a cryptic tweet by Musk featuring an emoticon of droplets followed by an emoticon of a rocket before an arrow pointing at the moon. This tweet has been interpreted as “cum rocket to the moon” and seen as an endorsement of the cryptocurrency.
The digital currency entered Twitter trends on Saturday, leaving traders and investors positively puzzled. This is not the first time Elon’s interest in crypto has boosted their value: in January, Dogecoin surged over 800% in just 24 hours following a series of Musk’s tweets.
The latest post left Twitter users, baffled that CumRocket is trending on the platform, scratching their heads.
CumRocket is a Binance smart chain project that has seen high price volatility since its conception in April 2021. It hit its peak price on May 5, 2021, at $0.2726 where it jumped 1200% in only 5 days.
It is available on PancakeSwap and also CumRocket’s own exchange, CumSwap. On PancakeSwap and CumSwap you can exchange BNB tokens for CUMMIES tokens.