Users disgruntled by Elon Musk’s tweets have created the FUCKELON token

May 20, 2021

Elon Musk

Crypto-enthusiasts have developed a new Fuck Elon Tweet (FUCKELON) token to show their disdain for Ilon Musk’s tweets that are affecting the digital asset market.

“Fuck elon tweet| New token just launched with locked LP| Only 20k mc! from CryptoMoonShots”

The token is based on Binance Smart Chain. According to the statement, the maximum supply will be 1 billion coins. FUCKELON has been held by 9,214 addresses.

As of this writing, the token is trading at $0.005260. In the last 12 hours, the coin has risen 2000%.

The new digital asset comes after Musk criticized bitcoin for centralization, after which the price of the first cryptocurrency momentarily reached $42,185 for the first time since Feb. 8.

User Allen Farington also created a petition titled “Elon Musk Should Sell His Bitcoin.” As of this writing, it has been supported by 85 out of 100 people.

“If bitcoin or Dogecoin were regulated as securities, this whole farce would be recognized as fraud and Musk would go to jail,” the text of the petition reads.

Recall, on May 13 Tesla announced the suspension of sales of electric cars for bitcoin due to concerns about the environmental friendliness of mining the cryptocurrency.

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About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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