Mock Manchester Tokens Spike 3000% After Elon Musk Jokes About Buying Team
Some fake football tokens suddenly spiked on Wednesday after billionaire CEO Elon Musk announced in a tweet that he intends to buy Manchester United FC. However, when questioned on the authenticity of his announcement, the entrepreneur tagged it as a long-running joke. Musk Resucitates Defunct Coin With a Tweet On August 17, Tesla CEO Elon Musk made a tweet where he announced that he intended to purchase the soccer team Manchester United. Hours later, the MUFC token, a previously dead faux coin unrelated to the football club, experienced a 3000% spike. The billionaire entrepreneur subsequently retracted his announcement claiming it was a “running joke”. He added he was not “buying any sports team.” Also, I’m buying Manchester United ur welcome — Elon Musk (@elonmusk) August 17, 2022 Nonetheless, Musk’s announcement drove traffic to the erstwhile struggling coin and many other Manchester United-related assets. MUFC spiked in volume by $39,000, a 3000% increase per coi...