Elon Musk, CEO of Twitter, Tesla and SpaceX, one of the most influential people in the crypto money industry with his shares, has caused price fluctuations in various cryptocurrencies, including Dogecoin (DOGE), Floki Inu (FLOKI) and others, in the last few years with his previous posts.
In this context, Musk was also talked about with his last post.
CULT, the local icon for blockchain project Cult DAO, has soared over 70% shortly after Elon Musk posted a mysterious tweet of the same name.
Musk, CEO of Twitter, used the phrase "Cult / Culture" in his twitter post. While Musk didn't reveal his motives behind this statement, within a short time of his post, the native token of the Cult DAO, CULT, has surged more than 70%.
Cult / Culture
— Elon Musk (@elonmusk) May 2, 2023
CULT, which increased by approximately 150% in total, went up to $0.00001052. However, the CULT, which experienced some pullback, dropped to $0.000006755.
Elon Musk is best known in the crypto market for his support of Dogecoin.
Defining himself as the "dogefather", Musk also supported DOGE in the bull market in 2021 and caused sharp rises.
*Not investment advice.
