Elon Musk’s X Post Makes This Meme Coin Jump 94%
Tech tycoon, owner of X platform Elon Musk has published an X post as he celebrates the birthday of his pet dog Marvin. He also has a Shiba Inu dog named Floki but today Musk posted a cute-looking picture of Marvin.
In the same way as Musk’s Floki inspired the meme cryptocurrencies Shiba Inu (SHIB) and Floki (FLOKI), Marvin has also become basis for several meme coins – Marvin Inu (MARVIN), Elon’s Marvin, MarvinInu and Floki Marvin as the creators seemed to have an ambition to make healthy profits on the name of Elon Musk’s pet dog.
Today is also Marvin’s birthday 🎂 pic.twitter.com/HWkb8RNvi8
— Elon Musk (@elonmusk) November 1, 2023
Marvin Inu 94% up on Elon Musk’s tweet
The celebratory X post of Musk pushed the price of Marvin Inu up by nearly 94%, allowing it to reach the $0.0000014 level – that is slightly less than the second largest meme coin by market cap SHIB is trading at the moment ($0.00000768).
MARVIN holds the 2,375th position on the CoinMarketCap website and over the past 24 hours, its trading volume has surged by an astounding 74,046.81%, reaching $525,374.
Earlier this year, several other meme and AI-based coins reacted with an explosive growth to Musk mentioning them in his tweets. One of those meme coins was Milady Meme Coin (LADYS) – it went by a whopping 12,056% then. After that, it was listed by several large crypto exchanges, including Crypto.com.
The crypto community eagerly responded to Musk’s tweet, wishing the Marvin dog a happy birthday.
DogeDesigner user of X app even wrote: “Happy Birthday Doge!”, hinting at Elon Musk’s favorite cryptocurrency Dogecoin. Musk frequently endorses DOGE in his X posts. In the past, one his DOGE tweet could lead to a massive jump in price of this original meme token.