Elon Musk, the richest man in the world, who is widely talked about for the price movements he caused in the cryptocurrency market, responded to a tweet on X (formerly Twitter) that mentioned a memecoin named Apu Apustaja (APU) with a laughing emoji.
Following Elon Musk’s tweet, APU saw a 25% spike in price. With a market cap of just $2 million, the altcoin is not listed on major cryptocurrency exchanges like Coinbase and Binance.
However, it should not be forgotten that the altcoins whose prices were pumped by Elon Musk experienced sudden declines after a while.
*This is not investment advice.
