{"id":976,"date":"2022-05-04T12:53:01","date_gmt":"2022-05-04T12:53:01","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/05\/04\/the-elon-musk-effect-apecoin-skyrockets-minutes-after-twitter-callout\/"},"modified":"2022-05-04T12:53:01","modified_gmt":"2022-05-04T12:53:01","slug":"the-elon-musk-effect-apecoin-skyrockets-minutes-after-twitter-callout","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/05\/04\/the-elon-musk-effect-apecoin-skyrockets-minutes-after-twitter-callout\/","title":{"rendered":"The Elon Musk Effect? ApeCoin Skyrockets Minutes After Twitter Callout"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"m-on mb-3 text-center\">\n<a href=\"https:\/\/servedbyadbutler.com\/go2\/;ID=180936;size=320x100;setID=508113\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"320\" height=\"100\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=img;click=CLICK_MACRO_PLACEHOLDER\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/servedbyadbutler.com\/adserve\/;ID=180936;size=320x100;setID=508113;type=img;click=CLICK_MACRO_PLACEHOLDER\" width=\"320\" height=\"100\"\/><\/noscript><\/a>\n<\/div>\n<p>ApeCoin (APE) costs skyrocketed on Wednesday after Tesla CEO Elon Musk modified his Twitter profile image to a collage of a number of Bored Ape NFTs.<\/p>\n<p>APE jumped\u00a0 over 15% inside minutes after <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/elonmusk\">Musk\u2019s move<\/a>, and is now buying and selling optimistic for the day at $17.25, in line with information from <a rel=\"nofollow\" href=\"https:\/\/coinmarketcap.com\/currencies\/apecoin-ape\/\">Coinmarketcap.com<\/a>. The transfer additionally helped APE break a four-day dropping streak, which noticed it sharply consolidate from report highs of $26.<\/p>\n<p>It is unclear whether or not the Tesla CEO personally holds any APE. But he&#8217;s reportedly the proprietor of a Bored Ape NFT. Sales of the Bored Ape Yacht Club NFT assortment additionally surged after the transfer, whereas its ground value jumped 3 Ethereum.<\/p>\n<p>Commenting on the image, Musk mentioned it appeared \u201ckinda fungible.\u201d<\/p>\n<p>APE was one of many <a href=\"https:\/\/coingape.com\/just-in-yuga-labs-cancels-otherside-auction-apecoin-rallies-past-26\/\">best-performing cryptocurrencies through April<\/a>, as merchants anticipated the discharge of Bored Apes creator Yuga Labs\u2019 new metaverse, Otherside. But the token fell persistently after the launch, regardless of efforts by Yuga to stop it from falling.<\/p>\n<p>But demand for Otherside NFTs had induced widespread disruptions throughout Ethereum, the community it&#8217;s based mostly on. Gas charges reached report highs through the challenge\u2019s launch.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-111383\" alt=\"Musk's new profile picture\" width=\"570\" height=\"481\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/05\/04161849\/musk.png\"\/><\/p>\n<p><noscript><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-111383\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/05\/04161849\/musk.png\" alt=\"Musk's new profile picture\" width=\"570\" height=\"481\"\/><\/noscript><\/p>\n<h2>Move already attracting controversy<\/h2>\n<p>Michael Bouhanna, head of digital artwork at public sale home Sothebys, <a rel=\"nofollow\" href=\"https:\/\/twitter.com\/michaelbouhanna\">said Musk had used the picture without permission<\/a>. They requested the Tesla CEO to both delete the agency, or credit score them for it.<\/p>\n<p>APE\u2019s present value surge is way from the Tesla head\u2019s first crypto pump. His tweets on Dogecoin had broadly supported costs, and are additionally credited with bringing the token into mainstream commerce. Musk had additionally briefly sported the Shiba Inu related to DOGE as his profile image on Twitter.<\/p>\n<p>DOGE has rallied on hints from Musk that he may <a href=\"https:\/\/coingape.com\/doge-payments-twitter-dogecoin-enters-top-ten-musk-twitter-deal\/\">incorporate the token into Twitter<\/a> after his takeover of the social media platform. In March, Musk had revealed that he <a href=\"https:\/\/coingape.com\/elon-musk-wont-sell-his-bitcoin-ethereum-or-doge\/\">personally holds DOGE<\/a>, prompting a small rally within the token.<\/p>\n<h2>The Tesla CEO\u2019s tweets have landed him in sizzling water<\/h2>\n<p>But whereas Musk\u2019s tweeting on the crypto market has been largely ignored by regulators, his tweets on the inventory market have put him at <a href=\"https:\/\/coingape.com\/elon-musk-investigation-tweets-u-s-sec\/\">odds with the Securities and Exchange Commission (SEC).\u00a0<\/a><\/p>\n<p>In 2018, Musk induced Tesla\u2019s inventory to rally after he tweeted that he would take the corporate personal at a $420.69 share value, and that he had secured funding for the deal. His Twitter ballot on whether or not he ought to offload Tesla inventory in 2021 had additionally invited a slew of shareholder lawsuits, because the inventory value fell.<\/p>\n<p>\u00a0<\/p>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA111379\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<div class=\"authodes\">\nWith greater than 5 years of expertise protecting international monetary markets, Ambar intends to leverage this information in direction of the quickly increasing world of crypto and DeFi. His curiosity lies mainly to find how geopolitical developments can affect crypto markets, and what that would imply in your bitcoin holdings. When he is not trawling by the net for the newest breaking information, yow will discover him enjoying videogames or watching Seinfeld reruns.<br \/>\nYou can attain him at <a href=\"https:\/\/coingape.com\/cdn-cgi\/l\/email-protection\" class=\"__cf_email__\" data-cfemail=\"2849454a495a684b4741464f49584d064b4745\">[email\u00a0protected]<\/a>\n<\/div>\n<\/div>\n<div class=\"author_Image\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/ea9c281adcd1bf769e2644219ba20818?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\" src=\"https:\/\/secure.gravatar.com\/avatar\/ea9c281adcd1bf769e2644219ba20818?s=60&amp;d=mm&amp;r=g\"\/><noscript><img loading=\"lazy\" decoding=\"async\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/ea9c281adcd1bf769e2644219ba20818?s=60&amp;d=mm&amp;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/ea9c281adcd1bf769e2644219ba20818?s=120&amp;d=mm&amp;r=g 2x\" class=\"avatar avatar-60 photo\" height=\"60\" width=\"60\"\/><\/noscript> <\/div>\n<\/div>\n<\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD111379\">\n<p> The introduced content material could embody the private opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn&#8217;t maintain any accountability in your private monetary loss.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/coingape.com\/the-musk-effect-apecoin-skyrockets-minutes-after-twitter-callout\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] ApeCoin (APE) costs skyrocketed on Wednesday after Tesla CEO Elon Musk modified his Twitter profile image to a collage of a number of Bored Ape NFTs. APE jumped\u00a0 over 15% inside minutes after Musk\u2019s move, and is now buying and selling optimistic for the day at $17.25, in line with information from Coinmarketcap.com. The 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