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Musk's retweet of a banana photo triggered a 25% surge in $BAN in one hour, with $BANANA also rising in sync.
This morning, Musk retweeted a photo of a banana with the SpaceX Starship, inspiring a pump in banana-related tokens. $BAN pumped over 25% within an hour, while $BANANA rose 8.3% in the past 24 hours. (Background: Sotheby's 'duct-taped banana' created hype around $BAN, is meme coin abstract art?) (Additional context: Sotheby's VP personally created the meme coin $BAN based on it! Forced to burn tokens but made £1 million profit using internal wallet) Sotheby's is about to auction an abstract artwork titled 'Comedian' by Italian artist Maurizio Cattelan, which is an image of a banana taped to a wall with duct tape. In mid-October, Sotheby's VP Michael Bouhanna even created the meme coin $BAN based on this, attracting funds from the crypto world. Within 18 hours, the market capitalization rapidly pumped to $50 million and continued to rise afterwards. Musk retweeted the banana photo. This morning, 'DOGE Father' Musk retweeted a photo of John Kraus, the content director of Polaris (a private space exploration program supported by SpaceX), holding a huge banana in front of the SpaceX Starship. This quickly sparked a reaction in the crypto world, with many comments tagging $BANANA and $BAN, causing the prices of both tokens to rise. Banana-related tokens pumped. Dexscreener data shows that $BAN pumped from around $0.2 to $0.2508 within an hour after Musk's retweet, with a pump of up to 25.4%, approaching the historical high of $0.292 set 14 days ago. At the time of writing, it is temporarily reported at $0.2236, pumping over 40% in the past 24 hours, with a market capitalization of $218 million. $BAN price chart. In addition, the token named after the banana, $BANANA, also rose due to this influence. This token is the native token of the sniper robot Banana Gun, and its price quickly climbed after Musk's retweet. At the time of writing, it is reported at $59.52, rising 8.3% in the past 24 hours. Beware of the risk of a big dump after the auction of Comedian. However, it is important to be aware of the risk of a big dump after Comedian is auctioned at Sotheby's in New York on November 20th. If there is no new narrative support in the future, it may ultimately end up in a 'Favourable Information turning into Unfavourable Information' scenario. Just like the biggest meme coin $TRUMP, which experienced a fall after Trump was confirmed as President. Its market capitalization fell from $210 million on the day of victory to about $70 million now, evaporating over 66%. $PNUT pumped over 4 times in a day. In addition to being known as the 'DOGE Father', Musk is also about to lead the 'Department of Efficiency in Government' (DOGE), which could bring more exposure to DOGE. Before the election, he criticized the Democratic Party using the death of a squirrel named Peanut and mourned Peanut, claiming that Trump's presidency will save more lives like Peanut's. This 'Peanut controversy' gradually evolved into a condemnation of the Democratic Party, and the related token $PNUT received high attention in the market. On the 13th, when Musk responded to a question about the necessity of the 'Department of Efficiency in Government' from a netizen, he said, 'The United States is saved by a squirrel and a meme coin.' This statement boosted $PNUT's market capitalization from about $500 million to $2.27 billion within a day, a pump of over 4 times. As of now, the market capitalization is still $1.745 billion, and the coin price is $1.74, pumping 11.3% in the past 24 hours. Related reports: The biggest alpha in this bull run: Musk's trading drives DOGE, PUNT.. pumping, legendary. Working 80 hours a week without pay! Musk's Department of Efficiency in Government (DOGE) hiring conditions exposed, netizens mock super spoiled boss. Musk slashes 77% of US government officials, why does he hate waste bureaucrats so much? 'Musk's retweet of banana photo triggers a 25% pump in $BAN within an hour, simultaneous pump in $BANANA' This article was originally published on BlockTempo, the most influential blockchain news media.