An unidentified group of cryptocurrency developers has launched a new coin named $STOPELON, with the stated aim of stopping Elon Musk from what it describes as “manipulating the cryptocurrency market with his Twitter account.”
- The community said on its website: “Elon Musk is … toying with people’s portfolios like candy, like the narcissistic billionaire he is and always will be. We say ENOUGH. Hence, we created $STOPELON.”
- The developers have sketched out an ambitious, profanity-laden plan to popularize their new coin, aiming eventually to list it on a major crypto exchange.
- The Hill reported that although $STOPELON was not moving cryptocurrency markets, the new coin represented broad-based public disapproval of the way in which Musk’s comments have led to wild gyrations in cryptos’ valuations in the already volatile sector.