Elon Musk’s new fad? Cryptic tweet from CEO sends $GRAPE token price skyrocketing

Elon Musk, tycoon and CEO of Tesla and SpaceX, has once again caused a stir on social media after driving up the price of a cryptocurrency with one of his cryptic and controversial posts.

On the morning of Sunday January 16, Elon Musk shared an edited image from Wikipedia on Twitter, which featured a grape [grape en anglais].

The text accompanying the image read: “everyone knows what a grape is”, in addition from the tweet from the CEO, who simply said: “Very informative”.

This two-word tweet and the image of the fruit were enough to send the price of the $GRAPE token skyrocketing in a matter of minutes.

The $GRAPE token started the day on January 16 with a valuation of $0.047. However, following Elon Musk’s tweet, its price soared to $0.078 in just four hours.

Despite this excitement, the $GRAPE token lost momentum and has been trading lower ever since. At the time of writing, the price of $GRAPE is at $0.062, which represents an 18% drop in the last 24 hours according to data from CoinGecko.

Source : CoinGecko

Comments from the crypto community were not long in coming. Internet user @WokePC said :

“Elon Musk may have learned to power a next-gen Tesla with grapes. I will immediately start a crop of grapes.”

For his part, @fine_mesh tied Mr. Musk’s message to the grape image token.

“My god, it’s Grape Coin. Come on kids, alleeeeeeez.”

Last week, Elon Musk also found himself at the center of attention with a simple tweet indicating “Dojo”, which caused the homonymous token to climb by 50% in just half an hour.

What is the $GRAPE token?

$GRAPE is the Grape protocol token, which is a set of tools for creating token-based communities of members within the Solana network.

Thanks to Grape, it is possible to create, reward and secure any online community. The first of these tools, GRAPE Access, allows the creation of exclusive membership portals for holders of tokens and NFTs of the most popular Solana projects of the moment.

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