While a tweet from Tesla Inc TSLA CEO Elon Musk may have inadvertently sent the price of Shiba Inu SHIB/USD skyrocketing, it is not the only coin to have garnered attention.
What Happened: A quick deep-dive into Google Trends reveals that post the ambiguous tweet from Musk, search results for bunny-themed coins surged on the platform. One such keyword is "bunny crypto", which saw a 1,550% increase. Among others, "rocket bunny" saw a 1,500% increase, "rabbit crypto" saw a rise in search by 1,450%, and "rocket bunny crypto" searches spiked by 1,400%.
Rokens featuring the word "bunny" have also increased in value with CoinMarketCap showing the likes of Bunny Park BP/USD, Pancake Bunny BUNNY/USD, Little Angry Bunny V2 LAB/USD, Rewards Bunny RBUNNY/USD gaining in value.
See Also: How To Buy Shiba Inu (SHIB)
Similarly, CoinGecko shows that the price for BunnyRocket BUNNYROCKET/USD has seen gains of over 88.1% on the day, while the price of Rocket Bunny BUNNY/USD has increased by 252.1% on the day at the time of press.
In the tweet, Musk didn't give the details but the figure resembles a bunny holding a rocket, often interpreted as "to the moon" meme used in the cryptocurrency community.
(\_/)
— Elon Musk (@elonmusk) October 17, 2021
( •_•)
/ >🚀
Musk's message remains open to interpretation, with some seeing a Shiba Inu mascot in them, some others saying it's a reference to Dogecoin, and the rest scrambling to find cryptocurrencies with "bunny" featuring in their names.
The Tesla and Space X founder has made a habit of affecting the cryptocurrency markets through his tweets. Musk has played a key role in helping Dogecoin DOGE/USD break into the mainstream, with his tweets and opinions also having an impact on the apex cryptocurrency Bitcoin.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.