Crypto enthusiasts developed a new token Fuck Elon Tweet (FUCKELON) to vent their contempt for Elon Musk’s tweets that influence the market for digital assets.
The token is built on the Binance Smart Chain. According to the statement, the maximum supply will be 1 billion coins. Holders of FUCKELON are 9,214 addresses.
As of writing, the token trades at $0.00526. In the last 12 hours the coin surged by 2,000%.
The new digital asset appeared after Musk criticised Bitcoin for centralisation, after which the price of the leading cryptocurrency at one point reached $42,185 for the first time since 8 February.
User Allen Farrington also created петицию on Change.org titled “Elon Musk should sell his Bitcoin.” At the time of writing it had the support of 85 out of 100 people.
“If Bitcoin or Dogecoin were regulated as securities, this entire farce would be deemed fraud, and Musk would end up in prison,” the petition says.
Earlier in May, Tesla announced the suspension of selling electric vehicles for Bitcoin due to concerns about the environmental sustainability of cryptocurrency mining.
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