The new meme cryptocurrency $ STOPELON has been created by a set of crypto traders angry with Tesla manager Elon Musk. However, the creators say cryptocurrency will not be affected by Elon Musk’s “irresponsible” tweets.
A new cryptocurrency has emerged and aims to ‘destroy’ Tesla chief executive Elon Musk. (Photo: $ STOPELON website)
Cryptocurrency investors are unhappy with Tesla CEO and billionaire Elon Musk. After Wednesday’s crash, many cryptocurrency traders were outraged by the 49-year-old and blamed his latest tweets over a track spot on the crypto market.
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It was annoyed by the “uncontrollable deception” of cryptocurrencies, a relatively new currency has been created. It’s called $ STOPELON. The cryptocurrency just surfaced this week, and the price has risen by more than 4,000 percent in just one day – from $ 0.0000019 to $ 0.00009450.
The money was made in the blockchain Finance Smart Chain and currently trades at about $ 0.00005600 with a market capitalization of nearly $ 30 billion, according to a chart site cited by BusinessToday in.
On the new cryptocurrency website, created by miffed crypto traders, it is written that $ STOPELON is “a society designed to destroy the greatest market manager for all.”
While it seems to be some of the money and not spent, it appears that the visible coin was made to express disagreement with the CEO of Tesla while making money.
It may be noted that the latest series of tweets by Elon Musk has had a detrimental effect on Bitcoin, which has been severely disrupted in the past few weeks. When Musk first posted on Twitter that Tesla would not accept Bitcoin as payment, the cryptocurrency sank by about 17 percent.
Musk’s tweet also harmed other cryptos such as Dogecoin – a visual meme coin that exploded earlier this year after Musk sent a tweet in support. Its rise had made it to the masses before it hit the horizon on Wednesday, along with all the other cryptos.
The creators of $ STOPELON say the price of virtual currency will not be “controlled” by Musk’s tweets.
On the official website of $ STOPELON, the message read: “Elon Musk has a reputation for being uncontrollable in managing the cryptocurrency market through his Twitter account. Newly, he did it again, causing a major crush on all fronts when he wrote that Tesla would stop receiving Bitcoin as payment. Anybody with a lot of imagination sees through his lies. He’s been trying to boost up crypto for years, writing a tweet about it to the end, and even going to Saturday night as the last place to get Dogecoin! It’s funny!”
So, we created $ STOPELON. Where we are rich, without anyone controlling our future without us, all you have to do is buy and buy HODL.”
From now on, $ STOPELON is not available in any significant chats, and one can purchase it by downloading Trust Wallet or another app that supports the SWAP Platform Pancake Swap.
However, analysts have advised interested investors to stay away from inactive meme cryptos. They were speaking to Business Today. In, Monark Bedi, founder of Bitex and CEO, said there was no essential support for StopElon, and it was simply a community that came together to drive the price of a coin.
Investing in such cryptos could be a complete investment loss as there are no rules around it, warn analysts. Anyone who wants to go ahead with investing in such cryptos should make extra money.