Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

Elon Musk sends adult-themed crypto price ‘to the moon’ after tweeting explicit emoji

CumRocket cryptocurrency rose from $0.06 to $0.28 on Saturday after tech billionaire’s tweet

Anthony Cuthbertson
Saturday 05 June 2021 15:15 BST
Bitcoin Prices Sink After Elon Musk Posts Breakup Meme

Elon Musk has caused the price of CumRocket to shoot up by nearly 400 per cent in just 10 minutes after he tweeted a series of emojis that appeared to reference the adult-themed cryptocurrency.

The alternative crypto, which describes itself as “the leading 18+ NFT platform for adult creators”, rose from $0.06 to $0.28 on Saturday following the tech billionaire’s apparent endorsement.

>> Follow all the latest price updates and predictions with The Independent’s live coverage of the crypto market

The use of the splash and rocket emoji is commonly used by CumRocket’s fans online, while the inclusion of a moon emoji signified that its price was heading “to the moon”.

Mr Musk’s latest post on Twitter follows a similarly cryptic message on Friday, in which he simply wrote: “Canada USA Mexico.”

The acronym produced by these three countries, combined with a flurry of other crypto-related tweets, meant that it was widely interpreted as an endorsement of semen-themed cryptocurrencies.

Elon Musk shared a series of emoji on Saturday, 5 June 2021, that alluded to the crypto CumRocket shooting up in price ‘to the moon’ (Twitter/ Elon Musk)

The SpaceX CEO also changed his Twitter profile photo to an anime image featuring the bitcoin logo, with the character sporting “laser eyes” - a symbol used by cryptocurrency enthusiasts that signifies their hope that bitcoin will hit $100,000.

The world’s most valuable cryptocurrency is currently trading at around $36,000, having fallen from an all-time high above $64,000 in mid April.

CumRocket responded to Mr Musk’s tweet with a mocked-up version of SpaceX’s Starship rocket, featuring the cryptocurrency’s logo.

“What do you think @elonmusk? We’ll even pay for the paint,” they wrote.

The US Securities and Exchange Commission (SEC) recently shared a message warning of the risks involved in following investment advice from celebrities.

“It is never a good idea to make an investment decision just because someone famous says a product or service is a good investment,” the advice stated.

“Never make an investment decision based solely on a celebrity endorsement, or other information you receive through social media, investment newsletters, online advertisements, email, investment research websites, internet chat rooms, direct mail, newspapers, magazines, television, or radio.”

The SEC is reportedly investigating Mr Musk over his endorsement of the meme-inspired cryptocurrency dogecoin, which has seen huge fluctuations in 2021 based on his tweets and public comments.

“I hope they do! It would be awesome,” Mr Musk tweeted in reply to the reports.

The Independent has contacted the SEC for comment.

We may earn commission from some of the links in this article, but we never allow this to influence our content.

If you are interested in trading, eToro* and Coinbase are two of the biggest exchanges operating in the UK and a good place to start.

Cryptocurrencies are a highly volatile unregulated investment product and investing in them could lead to a loss of capital.*No FSCS or Financial Ombudsman investor protection. 67% of retail investor accounts lose money when trading CFDs.*You should consider whether you understand how CFD’s work, and whether you can afford to take the high risk of losing your money.

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies


Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in