Elon Musk Tweet Sent CULT Token Up by 100%

May 2, 2023

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Elon Musk Tweet Sent CULT Token Up by 100%

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Key Point

CULT DAO price spikes even though Mus’s tweet was unrelated

Elon Musk who has been known to be influencing the price of DOGE appears to have started diversifying his crypto-influencing portfolio, on Tuesday, due to his tweet, there was confusion in the community on whether he’s starting a new religion or attempting to change his focus on DOGE.

If, coincidentally, you bought some CULT token within the past 24 hours, especially before Elon Musk’s tweet, you must be feeling like a financial prophet by now. Congratulations.

Musk Tweet Boost CULT Token by 100%

On Tuesday, Mr. Musk, the billionaire CEO of Tesla and SpaceX took to Twitter to tweet about what’s not related to cryptocurrency, “Cult/Culture,” the tweet alone was enough to send CULT, a CULT DAO native token, up by 100% in the past 24 hours.

Cult / Culture
— Elon Musk (@elonmusk) May 2, 2023

Hitherto, the connection between the tweet and the CULT token is yet to be established, therefore, the boost in the CULT token’s price might fade off soon, also, it is possible to create awareness which may likely build the asset’s performance over time.

CULT DAO’s price which was trading as low as $0.0000043 went as high as $0.00000978 within the past 24 hours and is currently trading at $0.00000613 as of press time, according to CoinMarketCap data.

Beyond the recent event, Musk’s tweets have always been influencing tokens especially SHIB and DOGE, even though the tweets are not related to any of the tokens.

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