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CULT DAO Token Jumps 84% After Elon Musk Tweets "Cult/Culture"

source-logo  coingabbar.com 02 May 2023 11:02, UTC

CULT DAO token experienced an 84% surge in 24 hours after Elon Musk tweeted "Cult/Culture". The tweet caused a bullish effect on the token's price, similar to the effect Musk's tweets had on Dogecoin and Shiba Inu. Despite the sudden growth, there is no visible connection between Musk and the CULT DAO team, making the rally potentially unsustainable. Meme coins like CULT and PEPE are currently taking center stage in the altcoin market, leading to warnings of caution as some have printed unsustainable hype in their short history.

coingabbar.com