Musk Effect: Aptos Soars 15% After Elon’s Short-Lived Tweet

The Chief Twit makes another boss move, which plays out rather unconventionally.

Elon Musk figurine standing above the clouds and staring at floating Aptos tokens.
  • Aptos gained 15% in minutes after Musk’s quickly deleted AI tweet.
  • Twitter recently partnered with eToro to launch in-app crypto trading.
  • Dogecoin reclaimed the $0.09 support after Musk’s BBC interview.

Elon ‘The Dogefather’ Musk has done it again – the crypto community on Twitter is buzzing after he unintentionally catapulted the emerging altcoin Aptos (APT) back to the $13 price range. In the early hours of Friday, the Twitter CEO shared a tweet with three abbreviations“AI APT OTT!” While the intention wasn’t exactly crypto-related, mentioning APT was the turning point for an instantaneous bull rally.

Musk’s $1M Bet Signals Altcoin Season

As the leading digital asset, Bitcoin (BTC), is at the forefront of this ongoing bull run, many crypto traders wonder when the altcoin season will take off. Luckily, the Shapella upgrade for Ethereum (ETH) launched smoothly today, gaining the largest altcoin by market cap by 10% and breaking $2,100 for the first time since May 2022.

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Indeed, Ethereum’s (ETH) success is followed by Aptos and Dogecoin inking double digits on the daily charts. At press time, Aptos, the 31st by global market cap, trades at $12.88, according to CoinGecko. Slightly dropping below the daily high of $13.40, Aptos outperformed both Ethereum and Dogecoin with 15% gains.

The top dog memecoin Dogecoin (DOGE) also reclaimed the key resistance line and is currently changing hands at $0.09. This is mainly due to Musk’s one million bet to find an allegedly inherited emerald mine.

Elon Musk Goes Wild on Ill-Prepared BBC

In related news, Musk recently roasted a BBC journalist in an awkward interview. The reporter attempted to call Musk out on increased cases of hate speech on Twitter after his Takeover of the company. When the CEO requested the reporter to give an example, James Clayton couldn’t come up with one.

As it wasn’t enough, the troubled BBC journalist ran out of questions at the end of the interview. The cringe-inducing encounter received immense backlash on Crypto Twitter, with many people calling out the BBC North America reporter for incompetence.

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The widely discussed interview also serves as a solution to the Musk vs. BBC dispute, as the broadcaster’s official Twitter handle was labeled “publicly funded” rather than “government-funded,” as per BBC’s request.

On the Flipside

  • A chair member of the Dogecoin Foundation warned the DOGE Army that eToro doesn’t support Dogecoin withdrawals.
  • This means there’s no way to move DOGE into a non-custodial wallet, with the exception of eToro’s Money App.

Why You Should Care

Twitter is one of the largest social networks around the globe. The micro-blogging platform’s financial push might be very beneficial for crypto.

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This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.