{"id":36585,"date":"2021-02-17T12:48:32","date_gmt":"2021-02-17T10:48:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=36585"},"modified":"2025-08-29T07:04:34","modified_gmt":"2025-08-29T04:04:34","slug":"marscoin-surges-2500-after-elon-musk-tweets","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/marscoin-surges-2500-after-elon-musk-tweets\/","title":{"rendered":"MarsCoin surges 2,500% after Elon Musk tweets"},"content":{"rendered":"<p>Tesla and SpaceX founder Elon Musk agreed to name his own digital currency MarsCoin if such a currency were issued, which triggered a sharp rise in the price of the similarly named altcoin. According to <a href=\\\"https:\/\/coinmarketcap.com\/ru\/currencies\/marscoin\/\\\" target=\\\"_blank\\\" rel=\\\"noopener\\\">CoinMarketCap<\/a>, the MARS token jumped from $0.10 to $2.50 within an hour.<!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p dir=\\\"ltr\\\" lang=\\\"en\\\">There will definitely be a MarsCoin!<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\\\"https:\/\/twitter.com\/elonmusk\/status\/1361709250561642498?ref_src=twsrc%5Etfw\\\">February 16, 2021<\/a><\/p>\n<\/blockquote>\n<p><script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><br \/>\nIn the course of a Twitter discussion about Musk&#8217;s aim to buy a stake in Dogecoin from major holders, one user proposed to the Tesla chief the creation of a new cryptocurrency, ElonCoin.<\/p>\n<p>CEO of the Binance exchange Changpeng Zhao proposed another name \u2014 MarsCoin. Musk approved the second option, after which profit-seeking users found the similarly named project and began buying MARS.<\/p>\n<p>CoinMarketCap placed on the project page a note that Marscoin is not affiliated with Elon Musk. At the time of writing the coin was trading at around $0.37, but continued to show high volatility.<\/p>\n<div id=\\\"attachment_125093\\\" style=\\\"width: 1273px\\\" class=\\\"wp-caption alignnone\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" aria-describedby=\\\"caption-attachment-125093\\\" class=\\\"wp-image-125093 size-full\\\" src=\\\"https:\/\/forklog.com\/wp-content\/uploads\/333-3.png\\\" alt=\\\"MarsCoin surges 2,500% after Elon Musk's tweets\\\" width=\\\"1263\\\" height=\\\"235\\\" srcset=\\\"https:\/\/forklog.com\/wp-content\/uploads\/333-3.png 1263w, https:\/\/forklog.com\/wp-content\/uploads\/333-3-300x56.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/333-3-1024x191.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/333-3-768x143.png 768w\\\" sizes=\\\"auto, (max-width: 1263px) 100vw, 1263px\\\" \/><\/p>\n<p id=\\\"caption-attachment-125093\\\" class=\\\"wp-caption-text\\\">Data: CoinMarketCap.<\/p>\n<\/div>\n<p>Earlier in February, Dogecoin rose by <a href=\"https:\/\/forklog.com\/en\/news\/elon-musk-tweets-about-dogecoin-again-as-the-coin-climbs-nearly-50\">almost 50% in under an hour<\/a> after a series of Elon Musk tweets. Later he said he <a href=\"https:\/\/forklog.com\/en\/news\/elon-musk-buys-dogecoin-for-his-younger-son\">bought coins<\/a> for his younger son.<\/p>\n<p>On February 8, Tesla said it <a href=\"https:\/\/forklog.com\/en\/news\/elon-musks-tesla-invested-1-5-billion-in-bitcoin-the-assets-price-rose-to-44800\">invested $1.5 billion in Bitcoin<\/a>, after which the asset&#8217;s price began to rise sharply and in less than a day surpassed $48,000.<\/p>\n<p>Subscribe to ForkLog News on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla and SpaceX founder Elon Musk agreed to name his own digital currency MarsCoin if such a coin were issued, triggering a sharp rise in the price of the similarly named altcoin. According to CoinMarketCap, the MARS token jumped from $0.10 to $2.50 within an hour.<\/p>\n","protected":false},"author":1,"featured_media":36586,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[20,1217],"class_list":["post-36585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-altcoins","tag-elon-musk"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/36585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=36585"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/36585\/revisions"}],"predecessor-version":[{"id":36587,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/36585\/revisions\/36587"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/36586"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=36585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=36585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=36585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}