Recent Elon Musk Post Sparks Surge in Meme Coin

Elon Musk’s recent social media activity has sparked a notable rise in the Non-Playable Coin (NPC), a cryptocurrency tied to the NPC meme.

Musk shared a video referencing the NPC concept, inadvertently boosting the value of NPC, a meme coin on Ethereum and Base.

On Saturday, Elon Musk posted a video about the NPC meme, originally created by Mario Nawfal, host of Mario Nawfal’s Roundtable.

This video, which discusses the idea that many people act like non-player characters in real life, has led to a significant increase in the value of NPC, a coin that emerged last year after Musk previously expressed interest in the meme.

The video, which originally appeared on Joe Rogan’s podcast, gained traction after Musk’s endorsement, leading to the second unintentional boost for NPC by Musk. The coin’s value surged by 42%, reaching $0.02463, with recent trading volume jumping 70%.

Such incidents are not uncommon with Musk’s involvement; similar spikes have occurred with other cryptocurrencies like Dogecoin and Shiba Inu. This underscores the volatile nature of meme coins and the importance of thorough research before investing.