Elon Musk Helps Rally APT And DOGE on Crypto Twitter
Elon Musk, a tech billionaire, is making noise again on crypto Twitter. By mentioning two digital assets, he is sending them on rallies.
Screenshots of a deleted tweet by CoinGecko show that Twitter’s CEO wrote something about layer-1 protocol Aptos (APT). This caused the price of this rival to Ethereum (ETH) to go up sharply.
Musk’s short tweet, which said “AI APT OTT,” sent the proof-of-stake protocol soaring. In just a few hours, it went from a 24-hour low of $12.27 to a high of $13.40, which is a 9.2% increase. But since then, the token has gone back down. At the time of writing, it is selling for $12.33.
Musk also reacted to a meme posted by a Dogecoin (DOGE) graphics designer. The meme was a picture of the CEO in a hard hat, which made it look like he was working in a mine.
In the message, the DOGE developer talked about rumours that Musk once owned an emerald mine and offered to pay media sources in DOGE if they could find proof that the mine existed.
“Elon Musk never owned an emerald mine.
An open offer of 69.420 DOGE to all the media outlets who are publishing false information. Send me a proof of its existence and take your DOGE.”
Musk himself joined the conversation and said that he would pay even more DOGE for proof of the mine.
“I will pay a million Dogecoin for proof of this mine’s existence!”
Dogecoin rose 5% to $0.0912 following the tweets. But since then, DOGE has fallen and is now worth $0.0869 at the time of writing.
