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Elon Musk's Tweet Sends BOB up 43%: Here's What You Missed

Fri, 05/19/2023 - 14:42
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Gamza Khanzadaev
Tesla and SpaceX founder sparks massive surge in this coin's price with just one emoji
Elon Musk's Tweet Sends BOB up 43%: Here's What You Missed
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The price of BOB token had some unexpected action today when it soared more than 40% in just two hours. U.Today has previously written about this token, which was one of the spin-offs of this past meme token season. Like its older counterpart Pepe Coin (PEPE), BOB is personified by the meme frog, but that is probably where their similarities end.

BOB up 1,000% as 'Explain This Bob' Takes Over Twitter: Is It Next PEPE Coin?

While PEPE relies on virality, BOB's marketing is driven by the Twitter bot ExplainThisBob. It is a bot that explains tweets using artificial intelligence if it is being tagged under them. To give credit to developers, Bob comments on Elon Musk's tweets even without the tag, which led to the eccentric billionaire reacting to the bot's tweets many times.

It worked this time, too, when in response to Musk's tweet mentioning the word "comedy," Bob gave a laconic but eloquent explanation of the word, which earned him attention from the Twitter owner himself. After that, the price of BOB jumped by 28% to $0.000083 per token, where the sentiment shifted to selling.

Source: TradingView

What's interesting is that 45 minutes before Musk's reaction to the tweet, it was announced that BOB would be listed on major exchange KuCoin. But just as interestingly, the upward price movement of the token began 12 minutes before the announcement and was no less than 16% by the time the listing was announced.

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About the author

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.