- Crypto Twitter is speculating whether or not a Tweet from Elon Musk shilled a crypto venture with simply 30 million USD in market cap.
- Oxen, previously known as Loki, used this consideration for a advertising and marketing low-cost shot.
- It is rather unlikely that Musk has ever heard concerning the comparatively unknown venture.
Elon Musk is thought for his quick and generally very cryptic Tweets. Crypto Twitter has understood certainly one of them at the moment as a shout-out to the comparatively unknown crypto venture Oxen. However did he actually imply the privacy-focused $30 million cap venture?
Was it Loki…or Oxen?
The Tweet in query solely contained two phrases. What the now richest man on earth meant with this pun will most likely stay his secret.
We’re known as Oxen now 😉 https://t.co/jAdMH0nSst
— OXEN (@Oxen_io) February 4, 2021
A comparatively unknown crypto venture by the identify Oxen, who not too long ago rebranded from their previous identify Loki, noticed the chance for some free promotion. Within the feedback, many Twitter customers declare that Musk meant the Melbourne-based privateness coin as nicely.
— Stepha Crypto (@CryptoStepha) February 4, 2021
This Twitter person nonetheless provides a extra doubtless rationalization:
Yeah that’s what I learn it as. Mainly if he writes one thing, the lots will flock and do what he says. It should be fairly entertaining to only sort doge and see it’s value double whereas inflicting BTC and Ethereum to dip.
— Bianconeri Capital 🦓 (@MEMBER31773) February 4, 2021
Their plan did apparently work, as Oxen’s venture token (nonetheless known as LOKI) noticed a value hike shortly after Musk’s Tweet. LOKI is now up virtually 25% day by day.
We Price This Declare Pants on Hearth
After the Reddit-induced bloodbath on hedge funds, Elon Musk apparently discovered a brand new passion in pumping shitcoins. Because of a collection of comparable quick Tweets about Dogecoin, the value of DOGE exploded from virtually an all-time low to a new all-time high in a matter of little greater than 24 hours.
Whereas it’s due to this fact not fully out of the query that Musk actually meant the Australian privateness venture together with his Tweet, in all chance, he has by no means heard about Oxen, and even when he wished to shill a $30 million cap venture, he’d most likely take extra care in getting the identify proper. One factor nonetheless is for certain:
I’m turn out to be meme,
Destroyer of shorts
— Elon Musk (@elonmusk) February 4, 2021