Neuralink owner Elon Musk said on Monday the first person to get their brain device is doing well. The device was put in on January 28, and Musk says it’s showing good signs because it can detect brain activity well.
What Happened: This device by Neuralink could one day let people with serious injuries or who can’t move use a phone or computer just by thinking. Musk calls Neuralink’s first device “Telepathy.”
Right after Musk talked about this, a crypto token named NEURALINK, not connected to the Musk co-founded company, saw its price jump 3,400% in just one day.
Data from dextools shows the market capitalization of the NEURALINK coin stands at $2.21 million, with liquidity at approximately $203,080. The coin’s circulating supply is at 1 million units, and there are 1,110 holders.
The NEURALINK coin is currently priced at $42.27.
See More: Dogecoin HODLERs Are Beating Shiba Inu With 57% Landing In Profits, IntoTheBlock Data Reveals
Why It Matters: It’s important to remember that Musk doesn’t have anything to do with this token. Investors should take note that it is routinely observed that new cryptocurrencies bearing the names of well-known people or entities appear from time to time.
Earlier in November, a meme coin named after Musk’s AI chatbot GROK surged over 650% within a mere 24-hour window. This rally was set after Musk announced his venture into artificial intelligence with the introduction of a new AI Chatbot known as Grok.
Photo by Avi Rozen on Shutterstock
Read Next: Here’s How Much You Should Invest In Shiba Inu Today For A $1M Payday If SHIB Hits 1 Cent?
© 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.
