As a seasoned financial analyst with extensive experience in the crypto market, I have witnessed firsthand the significant influence Elon Musk holds over digital assets. His latest post about the non-player character (NPC) meme inadvertently triggered a rally in the Non-Playable Coin (NPC), which is a meme coin on Ethereum and Binance Smart Chain.
Elon Musk, the billionaire entrepreneur, unexpectedly sparked interest in a meme coin linked to the “non-player character” (NPC) meme during a weekend social media post. Previously shared by Mario Nawfal on his Roundtable show, the humorous NPC meme saw a surge in popularity following Musk’s engagement with it.
Elon Musk Pumps NPC Meme Coin
Elon Musk, the visionary founder of Tesla and SpaceX, recently shared a video featuring the non-player character meme on his social media platforms. Unexpectedly, this action ignited a surge in interest for Non-Playable Coin (NPC), a digital currency inspired by the popular internet meme.
The “Non-Playable Coin” is a meme token that made its debut on Ethereum and Binance last year. Notably, it gained popularity following Elon Musk’s appreciation of a non-player character post, leading to two inadvertent price surges for this coin by Musk.
— Elon Musk (@elonmusk) July 20, 2024
In simpler terms, the video conveyed the idea that most people function like pre-programmed characters in everyday life, seldom using their own thoughts and simply following the script. This is an old clip from American podcaster Joe Rogan’s show, “The Joe Rogan Experience.”
Originally posted by Mario Nawfal, the host of Mario Nawfal’s Roundtable, the content was subsequently reposted several times on X. Elon Musk then added fuel to the fire by sharing the video, resulting in a wave of reactions among crypto enthusiasts referencing the Non-Player Character meme coin.
Coin Price Pumps 42%
The price of NPC has surged further following its connection to Elon Musk, currently standing at $0.02463. Over the past day, the stock reached a low of $0.0165 and a high of $0.02482. Additionally, there’s been a substantial 70% increase in trading volume over the last 24 hours, suggesting heightened investor attention.
Crypto prices often experience significant surges following Musk’s posts on social media about relevant projects. Previous occurrences have raised concerns of manipulative practices, with some investors artificially inflating the value of certain cryptocurrencies like Dogecoin, Pepe Coin, and Shiba Inu by associating them with Musk. It is crucial for traders to thoroughly research these coins before making any investment decisions.
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2024-07-20 14:38