Elon Musk is back at it again - goof posting about the latest "flavor of the day" meme token. He's graduated from Dogecoin and Cumrocket, moving onto:
And its clearly having an efect on trading of the meme token:
So I simply ask - why? What does the Tesla CEO seek to gain from such Tweets, or does he simply enjoy memes so much that when they become tokenized he just can't resist?
His tweet doesn't even really show support (or lack thereof) for the BEP20 coin. What's clear is he seems to enjoy trolling, as the comments on his Tweet pile up. Maybe he just enjoys the attention. I don't know.
But these meme coins, while some strike it rich, there's a group that's left holding the bag and will likely lose out much of their principal, when the hype attention and tweets all fade away. It's tempting to chase these gains, but I steer clear of these and stick to the cryptos with a clear future. To me there's a clear distinction between "alt-coin" and "meme coin."
