Elon Musk, the world’s wealthiest man who has been widely talked about for the price movement that has been triggered in the cryptocurrency market, responded to a tweet on X (formerly Twitter) referring to a memoji of laughter and a memokine named Apu Apustaja (APU).
Following Elon Musk’s tweet, APU saw a 25% rise in prices. With a market capitalization of just $2 million, Altcoin is not listed on major cryptocurrency exchanges such as Coinbase or Binance.
A chart showing rising APU prices.
However, we must not forget that Altcoins, which were priced by Elon Musk, experienced a sudden decline after some time.
*This is not investment advice.