Warning: Elon Musk Targeted $STOPELON Cryptocurrency Is Now on the Market : Cryptocurrency Market

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Without any subtlety in its name, a new cryptocurrency has joined the digital market, and it’s called $STOPELON. Any guesses what its motivations are? 

New Cryptocurrency stopelon!

The new cryptocurrency is a direct revolt against Elon Musk’s influential power on the digital currency market — via social media, no less.

The Tesla and SpaceX CEO’s Twitter posts have previously sent Bitcoin sky-rocketing one week after announcing Tesla would accept the cryptocurreny as payment, only to fall staggeringly low soon after another comment on Musk’s part said Tesla would suspend those types of payments. And these are just two examples of the man’s power.

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This volatility created by just one person is what $STOPELON’s creators are fighting against. They’re sick of it, as many in the market are too, so they’re taking a stance. 

Why $STOPELON?

In the new cryptocurrency’s creators’ words, “Elon Musk is infamous for irresponsibly manipulating the cryptocurrency market with his Twitter account.”

So, as their website states, they decided to create “a community […] to destroy the biggest market manipulator of them all.” 

Well, their motivation is certainly clear enough. 

In just the last 24 hours, $STOPELON tokens’ value has gone up from  $0.0000019 to $0.00003679, reports TomsGuide. It still has a way to go before it gathers any real traction, but the sentiment might grow amongst other cryptocurrency fans who are exasperated of the current huge volatility of the digital market, which has largely been dictated by Musk’s comments. 

Musk’s Twitter posts

Musk’s Twitter posts have always garnered masses of attention, and he’s not known for being shy on the social media platform either. In other cryptocurrency relations, Musk has also played a big part in boosting Dogecoin, stating its mining impact is much less harsh on our environment. 

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Latterly, Musk has changed his stance on Bitcoin, which emits the highest CO2 of all cryptocurrencies through its mining strategies, and pursued the more eco-friendly Dogecoin. Instead of Bitcoin, Tesla might soon accept Dogecoin as payment for its EVs, as well as paying for a SpaceX lunar mission in 2022

Enough influence is enough, say $STOPELON creators, so let’s see how the new cryptocurrency fares on the market. And if that’s still not enough to curb your spite against Musk’s influence, there’s always the other new digital currency that goes by the absolutely unsubtle name of $F***ELON, as Newsweek reports.

How to buy stopelon coin in India?

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this article is trending with title : $STOPELON - Now a cryptocurrency to 'destroy' Elon MuskMarkets ponder Elon Musk role in crypto turbulence$StopElon: A New Cryptocurrency By People Who Want Elon Musk to Stop Tweeting About Bitcoin, Dogecoin• Crypto roundup, 21 May 2021: Elon Musk effect, crypto crash, Bitcoin prices, $1 trillion wiped out and moreElon Musk को बर्बाद करने के लिए लॉन्च हुई नई क्रिप्टोकरेंसी $StopElon, 24 घंटे में करीब 5000% की आई तेजी