Elon Musk accidentally created a new cryptocurrency. WTF?

[jrrsparkles]

People started to create projects without any purpose for very long time so this is another token influenced by Elon Musk helped to achieve such huge growth rate in just 8 or 9 minutes or so but what is the goal of such project? They create and hype then sell their tokens for profits and leave the holders, isn't it?

[Fivestar4everMVP]

I don't think Elon musk actually created this Floki token, there are several scammers out there who are always looking for opportunities like this to scam people off their hard earned money and I suspect this is one of those attempts, Elon musk gave this puppets an opportunity which they seized to make themselves richer, if Elon really was a sensible person, he shouldnt have made he's interest in creating a coin public before actually doing it, because due to how influential he is, scammers will sure go before him to create a clone of his project for the purpose of sucking peoples wealth, I just pray peeps don't later come back crying about how they lost their life savings in this floki sh..t.

[Jackl87]

The founder of Tesla and SpaceX, Elon Musk, again stirred up the cryptocurrency market on Friday, leaving a seemingly harmless message about his new dog.

He said that he chose a nickname for his Shiba Inu puppy. His name will be Floki. In early May, Elon Musk first announced that he intends to take a Shiba Inu puppy. Then the cost of the Shiba Inu cryptocurrency increased by 68% in an hour.

After Friday's announcement by Musk, the Shiba Inu exchange rate increased by 26%, but later corrected. However, another thing is more interesting: 9 minutes after the appearance of Musk's post on Twitter, the Floki token was created on the decentralized Uniswap crypto exchange. Within an hour, its price increased by 795%, to $0.000000001100. As a result, the growth was about 3500%.

Do you think this is another attempt to influence the crypto market? Will the project be eco-friendly, because in the case of chia, everything was not so positive? There are already green projects on the market, for example, Crypton , for mining which only needs Internet access and a PC.

Is all the excitement around the project really a hype? Like chiahype and etc.?

I don't think that is an attempt to influence the crypto market. I think it was just somebody that saw the tweet of Elon Musk and once he saw the name of his dog then he immediately created that Floki token. That whole meme-coin thing gets really out of hand now. I thought the hype would die out but so far it sticks around.
I really like cryptos but stuff like this almost makes me want to beg for a huge bear market now with a 90% drop or more, even though it means i am personally in a huge loss. People are really just aping in in no matter what sh't token with absolutely no use-case. I am pretty sure all those meme-coins are also a big factor for the current negative market sentiment, because no one can take a market like that seriously.

[teosanru]

The founder of Tesla and SpaceX, Elon Musk, again stirred up the cryptocurrency market on Friday, leaving a seemingly harmless message about his new dog.

He said that he chose a nickname for his Shiba Inu puppy. His name will be Floki. In early May, Elon Musk first announced that he intends to take a Shiba Inu puppy. Then the cost of the Shiba Inu cryptocurrency increased by 68% in an hour.

After Friday's announcement by Musk, the Shiba Inu exchange rate increased by 26%, but later corrected. However, another thing is more interesting: 9 minutes after the appearance of Musk's post on Twitter, the Floki token was created on the decentralized Uniswap crypto exchange. Within an hour, its price increased by 795%, to $0.000000001100. As a result, the growth was about 3500%.

Do you think this is another attempt to influence the crypto market? Will the project be eco-friendly, because in the case of chia, everything was not so positive? There are already green projects on the market, for example, Crypton , for mining which only needs Internet access and a PC.

Is all the excitement around the project really a hype? Like chiahype and etc.?

I don't exactly blame Elon Musk for this. The thing is that there are some very smart people who know how the sentiment of new traders work and they know exactly how to manipulate these sentiments. This is why the Shiba Inu coin was invented in the very first place. Also, not only the price of Shiba Inu rocketed up but at the same time, the market capitalization of this coin went so high that it came into the top 50 cryptocurrencies, which is really something huge. But all this is just a hoax, a modern-day scam in which the culprit are the people themselves. I don't blame the token creators for this at all and neither do I blame Elon for this, people themselves are responsible for this.

[Noruka]

The founder of Tesla and SpaceX, Elon Musk, again stirred up the cryptocurrency market on Friday, leaving a seemingly harmless message about his new dog.

He said that he chose a nickname for his Shiba Inu puppy. His name will be Floki. In early May, Elon Musk first announced that he intends to take a Shiba Inu puppy. Then the cost of the Shiba Inu cryptocurrency increased by 68% in an hour.

After Friday's announcement by Musk, the Shiba Inu exchange rate increased by 26%, but later corrected. However, another thing is more interesting: 9 minutes after the appearance of Musk's post on Twitter, the Floki token was created on the decentralized Uniswap crypto exchange. Within an hour, its price increased by 795%, to $0.000000001100. As a result, the growth was about 3500%.

Do you think this is another attempt to influence the crypto market? Will the project be eco-friendly, because in the case of chia, everything was not so positive? There are already green projects on the market, for example, Crypton , for mining which only needs Internet access and a PC.

Is all the excitement around the project really a hype? Like chiahype and etc.?

I don't think that is an attempt to influence the crypto market. I think it was just somebody that saw the tweet of Elon Musk and once he saw the name of his dog then he immediately created that Floki token. That whole meme-coin thing gets really out of hand now. I thought the hype would die out but so far it sticks around.
I really like cryptos but stuff like this almost makes me want to beg for a huge bear market now with a 90% drop or more, even though it means i am personally in a huge loss. People are really just aping in in no matter what sh't token with absolutely no use-case. I am pretty sure all those meme-coins are also a big factor for the current negative market sentiment, because no one can take a market like that seriously.

I am sure Elon Musk knew what would be going to happen, but who cares about that Floki token. A few tried to get in as fast as possible and take profit as fast as possible. The thing is that it has become such a mania that indeed substantial money is flowing into these meme coins as soon as Elon Musk is involved. Not because he pumps it himself, but because a herd movement emerges every single time now, everyone looking for the quick and easy buck at the cost of someone else who is late to the party.

[Tytanowy Janusz]

Musk does not engage in direct advertising and does not call for buying coins.

YET McAfee was not shilling to buy coins at the beginning too. When you compare both of them ... question is ... is it better when someone use his power to earn on pumps (MCAfee) or you do it just to laugh from people that are not smart enough to avoid FOMO into projects like cumrocket.

And how would you call tweeting about DOGE all the time. Promising to "take doge to the moon", Lying that he is talking with DOGE devs about improvements (DEVS denied)

[Botnake]

If we will not wake up, we will lose a lot of money and we will make Elon Musk richer.

It's not illegal for him to make a coin of his own, but it's a sin for us if we follow blindly just because he got the hype.
That's very close to " blindly investing" in which we know the result or the outcome.

now, to the question of whether he is attempting to influence the market, dude, he's been doing that before he decided to crypt his own.

[wxa7115]

I think this is not an attempt "to influence the crypto market", but some tricky person just created this token to sell it during hype. Elon Musk zero relationship to this Floki token.

This is a great example of how greedy people can be and how easily they can be tricked and controlled. This is so simple. Take what ever Elon says, create a token with same name and voila, you are locked and loaded for scam sale.

I think the same way, and this is nothing new I remember seeing a Trump coin and it is obvious Trump had nothing to do with that coin as he has expressed many times in the past that he does not like bitcoin and this market in general.

So this is the perfect example of a person taking advantage of the huge attention that Elon Musk is being given and it also shows the ignorance and the greed of some portion of those that are part of this market, they are not interested in the characteristics and the potential of this market, they are not even interested in making money but in a slower fashion, they want to become rich in weeks and this kind of attitude leads them to take risks so high that it is almost a guarantee they will lose all their capital in less than a year.

[Helpme_please]

Everyone knew when Elon Musk tweeted that the coin would create hype,
and you could say it has been proven as happened with dogecoin and doge baby,
what you say is true indeed the coin meme hype won't last long

The meme hype only lasts for a moment and the last person to enter the coin meme will always be the victim of loss, so before getting into any coin meme hype, it's a good idea to check it first, be it through a tweet made by Elon Musk or through market news that will be coming soon Create a meme coin listing.

alot traders or investors will trapped if they lately buy memecoin, just look at traders on dogecoin and also shiba inu. my calculation they loss alot when buying at peak and unfortunately elon stop shilling it. Investing in cryptocurrency must have strong reason why we put our money here, did our portofolio have utility or usecase or not , don't only due FOMO.

[Desmong]

No one knows whether the coin was created by Elon or by someone else. A lot of individuals had seen potential gain in Elon musk tweet which is the reason why the market always react to most of his tweets. He might just be good as ignorant about the coin while someone else is using the advantage to gain quick profits.
He is not that conscious about his posts and words used when tweeting is the reason why some people could easily interpret his context in a different way.

[Starkick]

<...>

you are wrong to respond to this, Elon Musk has never made cryptocurrency because now anyone can easily make coins/tokens then floki are tokens created by other people.

not recommend buying this token.

No matter what do you recommend or not - there will be thousands of fools that will invest in it. And the story will be the same as with chia now. Only developers will earn money and all the others will lose. That's why for now I believe in coins like CRP as it's free mining and you can gain without any investments.

Cool, this idea seems to me attractive and promising. At least now this project looks reliable and eco-friendly. Especially if you do not need to invest in it or buy an additional staff for mining. Cool, this idea seems to me attractive and promising. At least now this project looks reliable and eco-friendly. Especially if you do not need to invest in it or buy an additional staff for mining.

[bison]

Elon tweets, you can follow his twitter, read his tweets or ignore his twitter and his tweets.

If you see his tweets are non sense, no price movement but because many people think his tweets have power to move price on the market, price moves up because of people belief.

Even Elon makes a funny tweet, it will still have upward effect for price. Followers are stupid, but Elon is wise.

It's strange that people who really believe in a tweet that Elon made, they don't realize that they are just a tool and fooled by Elon for his personal gain, believe that without weirdos who trust and have high expectations of Elon, there would be no turmoil in the crypto market, unfortunately it is difficult to awaken people who are too fanatical about an Elon.

[Sethrey]

That's crazy, for sure.. But have you heard of a new promo action for miners https://bitcointalk.org/index.php?topic=5349259.new#new ? I agree that CRP is not very promising for now, but after such actions, the business should change for the better. Anyway, what do you think about such activities?

[adzino]

I don't think Elon Musk created the "Floki" token lol. It is probably someone saw the tweet and took the opportunity to make some quick profit. Created the token and then others followed like a sheep knowing that its a shit token and will likely make a fortune or lose everything. Those who entered early and left quick made profit. Rest suffered from loss. They took their chances, they lost. You can't blame Musk for it. People should blame themselves for doing stupid things.

[BIT-BENDER]

I think this is not an attempt "to influence the crypto market", but some tricky person just created this token to sell it during hype. Elon Musk zero relationship to this Floki token.

This is a great example of how greedy people can be and how easily they can be tricked and controlled. This is so simple. Take what ever Elon says, create a token with same name and voila, you are locked and loaded for scam sale.

I think so, it's just some crypto-currency, scavenger living on Twitter all for Elon musk tweet for a premeditated attempt to capitalize on it. but if the success are true then it one everybody would be excited to do next time.
But another bashing tweet from Elon musk will not only expose the project for being a premeditated alt-coin on elon's tweet but it will significantly drop as fast.

[Wendy Simth]

This all Hyped project, i don't follow his tweet anymore many might trapped in on the process. have you really take a look at DOGECOIN to see the reaction now. many novice got trapped buying dogecoin @ $0.7 thinking it will get $1 but that didn't work after his tweet. he does that for his self interest to pull out his resources from the project. even if you will get involve in his tweet be sensitive enough to know when about dumping.

I agree with you. Get away as long as you make a profit. Don't miss and don't believe in the vision.
The celebrity effect will become weaker and weaker.
The market returns to sanity.

[Starkick]

That's crazy, for sure.. But have you heard of a new promo action for miners https://bitcointalk.org/index.php?topic=5349259.new#new ? I agree that CRP is not very promising for now, but after such actions, the business should change for the better. Anyway, what do you think about such activities?

Talkin about chia fans' hopes I think that These are all empty hopes. This coin will never be successful again. The wave of hype subsided and all the shortcomings came to the surface, which even more clearly emphasized the need for truly eco-friendly projects.

[Sethrey]

Talkin about chia fans' hopes I think that These are all empty hopes. This coin will never be successful again. The wave of hype subsided and all the shortcomings came to the surface, which even more clearly emphasized the need for truly eco-friendly projects.

And you didn't tell anything about the promo I mentioned. I think it's something people were waiting for. As it's a free and good opportunity to get good money in addition to mined coins. And just imagine how much you could mine during 3 months, when you can run up to 50 mining bots from 1 PC!

[dificanovi]

The founder of Tesla and SpaceX, Elon Musk, again stirred up the cryptocurrency market on Friday, leaving a seemingly harmless message about his new dog.

He said that he chose a nickname for his Shiba Inu puppy. His name will be Floki. In early May, Elon Musk first announced that he intends to take a Shiba Inu puppy. Then the cost of the Shiba Inu cryptocurrency increased by 68% in an hour.

After Friday's announcement by Musk, the Shiba Inu exchange rate increased by 26%, but later corrected. However, another thing is more interesting: 9 minutes after the appearance of Musk's post on Twitter, the Floki token was created on the decentralized Uniswap crypto exchange. Within an hour, its price increased by 795%, to $0.000000001100. As a result, the growth was about 3500%.

Do you think this is another attempt to influence the crypto market? Will the project be eco-friendly, because in the case of chia, everything was not so positive? There are already green projects on the market, for example, Crypton , for mining which only needs Internet access and a PC.

Is all the excitement around the project really a hype? Like chiahype and etc.?

I don't know why everyone wants to follow what Elon Musk is doing, I see as if Elon Musk is the determinant in the success of the cryptocurrency he owns.
Let's take it from the bright side, if Elon Musk pumps a cryptocurrency then it doesn't matter if we follow it and if Elon Musk's actions can lower the price of one of the cryptocurrencies then don't follow it.

[distr@yopmail.com]

I don't know why everyone wants to follow what Elon Musk is doing, I see as if Elon Musk is the determinant in the success of the cryptocurrency he owns.
Let's take it from the bright side, if Elon Musk pumps a cryptocurrency then it doesn't matter if we follow it and if Elon Musk's actions can lower the price of one of the cryptocurrencies then don't follow it.

seems like Elon ever made negative tweets about crypto and bitcoin on his social media.
What I don't believe is that many still follow him. as if he was the one signaling his followers what to do.
I believe this is a manipulation done because now there is quite a lot of followers from the crypto market.