In the sea of cryptocurrencies that have proliferated in recent months, a crypto is making noise: it’s called StopElon.
Tesla’s CEO has managed to strongly influence the market in recent months.
After announcing in February that Tesla had invested $ 1.5 billion in bitcoin, it took the market to an unprecedented high. The entire sector has reached historical records. He later announced that anyone who wanted to buy a Tesla could do so by paying in bitcoin. But then, in the past few weeks, Elon Musk realized that mining and Bitcoin transactions consume a lot of energy, so Tesla will no longer accept BTC payments.
With the hype, the bubble seemed to burst and the whole market turned a deep red. This situation is also complemented by the new imposition from China, which is applying more restrictions to bitcoin and cryptocurrencies.
Today, Elon Musk met with leading North American mining companies and Microstrategy CEO Michael Saylor to discuss the production of bitcoin using renewable energy.
StopElon: purpose, market capitalization and community
For the crypto community, that hug from Elon Musk has become suffocating.
That’s why StopElon was born, the crypto whose ultimate goal is to expel the CEO of Tesla … from Tesla, by buying shares in the company of which Musk is the founder.
At the official site, it is explained that:
“Elon Musk is famous for irresponsibly manipulating the cryptocurrency market with his Twitter account. He recently did it again, causing a major crash across borders by tweeting that Tesla will no longer accept Bitcoin as payment.
Anyone with a minimum of critical thinking sees through their lies. He’s been trying to pump cryptocurrencies for years, tweeting about it endlessly, and even going to Saturday Night Live as a last resort to leverage Dogecoin! It’s ridiculous!
He’s playing with people’s portfolios like candy, like the narcissistic billionaire he is and always will be.
We say ENOUGH. Therefore, we created STOPELON. Where we will become rich, with no one controlling our destiny except ourselves.
All you need to do is BUY and HODL ”.
In fact, it looks more like a speculative cryptocurrency with no use case. In fact, in the phase-divided script, it says that in phase 4, the last phase, StopElon wants to enter Tesla’s equity, obviously buying the shares.
At the moment, 1000 billion StopElon tokens have been issued, and can be purchased on the Pancake Swap, as they are issued on the Binance Smart Chain.
The numbers at the moment indicate that the token reached $ 34 million in capitalization with about 19,000 addresses.
The Telegram channel has 15,000 members, while Twitter has 2,700 followers.
These are small numbers, but they also give a measure of the existence of a part of the crypto community that is tired of seeing the market hanging in the tweets of Tesla’s CEO.