- CumRocket token soared 400% after Elon Musk’s tweet featuring a Pepe the Frog variant, later stabilizing at a 95% daily gain.
- Musk’s influence on crypto markets continues as tokens like KEKIUS and APU also saw spikes following his recent social media activity.
The price of CumRocket, an adult-themed cryptocurrency, skyrocketed 400% in under an hour on Thursday following a tweet by Elon Musk. The tweet featured an image of Apu Apustaja, a variation of Pepe the Frog, alongside a reference to the token.
According to CoinGecko, CumRocket’s price spiked from $0.004 to $0.02 before stabilizing at approximately $0.008, marking a 95% gain over the past 24 hours.
This isn’t the first time Musk’s tweets have sent the token soaring. In June 2021, a series of cryptic emojis in a Musk tweet caused CumRocket’s price to climb nearly 400% in just 10 minutes. Musk’s influence on cryptocurrency markets extends beyond CumRocket, with notable impacts on assets like Dogecoin (DOGE) and more recently, the Kekius Maximus (KEKIUS) meme token.
Earlier this week, KEKIUS surged 1,200% after Musk temporarily adopted the Kekius Maximus persona on X, formerly Twitter. The token reached a market cap of $380 million before its value retreated as Musk changed his online identity. Musk’s latest tweet also contributed to an 18% rise in the Solana-based APU meme coin, according to CoinGecko data.
The tweet comes amid broader discussions in the cryptocurrency sector, particularly regarding regulatory changes. The IRS recently delayed new crypto tax reporting requirements until January 1, 2026. These changes, which mandate the reporting of cost basis on centralized platforms, have raised concerns about potential tax liabilities and increased administrative burdens for crypto users.
Editorial Note: This news article has been written with assistance from AI. Edited & fact-checked by Harshajit Sarmah.
