A lot of rockets have taken off under Elon Musk’s watch, but the tech CEO and SpaceX co-founder just boosted one billed as digital ejaculate—for the second time.
The price of CumRocket (CUMMIES) had jumped 68% Friday, hovering above $0.007 a day after Musk posted a meme on X (formerly known as Twitter) bearing the obscure token’s name.
In Musk’s post, the popular internet meme Pepe the Frog is depicted communicating with the IRS, discussing the tax implications of on-chain activity involving “cumrocket” and “NFTitties.”
Musk’s post may have referenced the IRS’s postponement of tax reporting requirements on Wednesday, a delay that affords crypto investors relief until next year. But after Musk’s post, CumRocket’s price quintupled in less than an hour, rising 429% to $0.022 from $0.004. That peak was short-lived, but CUMMIES remains up substantially from before Musk’s tweet.
Since Musk called Dogecoin his “fav cryptocurrency” back in 2019, ...
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