Billionaire Elon Musk shared a video on X about the non-player character (NPC) meme, leading to a 42% surge in the price of the related NPC meme coin. This event occurred on a Saturday after Musk reposted a video originally shared by Mario Nawfal, host of Mario Nawfal’s Roundtable.
This marks the second time Musk has inadvertently caused a spike in the Non-Playable Coin, a meme coin on Ethereum and Base, which was created last year following Musk’s appreciation of a similar post. The video highlighted the idea that many people function like NPCs in real life, referencing an old podcast by Joe Rogan.
The price of NPC coin is now trading at $0.02463, with a 70% increase in trading volume over the last 24 hours. Historically, Musk’s social media activity has caused various cryptocurrencies, including Dogecoin, Pepe Coin, and Shiba Inu, to experience significant price jumps. Therefore, traders are advised to conduct due diligence before investing in such volatile assets.
This event underscores the influence that prominent figures like Musk can have on the cryptocurrency market, often leading to rapid and unpredictable price movements. Long-term, it highlights the need for investors to approach these markets with caution, given their susceptibility to external influences.
