Crypto traders create STOPELON token to retaliate against Elon Musk

Amidst the struggles in its markets, the crypto sphere welcomes a new member, and it is not an Elon Musk-friendly kind of cryptocurrency.

The new digital token, being created on Binance Smart Chain, is named STOPELON, with the obvious expression of hate towards the Tesla Chief Executive Officer who has been blamed for the recent beating cryptocurrencies like bitcoin, ethereum, dogecoin, among many others have taken.

According to Poocoin, at press time, the digital asset is trading at $0.000110646 and has a market capitalization of more than $57 million, having a total supply of 1 trillion.

Another meme coin

A cryptocurrency enthusiast working on Decentralized Finance (DeFi) field cited by online newsstand Business Today said, “This is another meme coin created by some random traders. It serves no purpose.”

The crypto player also added that now it has become a fashion to hate Musk after the series of “irresponsible tweets” regarding digital currencies he made, causing them to tank massively for the last days.

It is for this reason that the STOPELON was launched by crypto traders in Binance Smart Chain, claiming its price won’t be affected or controlled by Musk and his tweets. The party responsible for the newest meme token regard themselves as a “community created to destroy the biggest market manipulator of them all.”

A form of protest

On STOPELON’s website, there’s a message stating that Musk is infamous for irresponsibly manipulating the cryptocurrency market with his Twitter account.

Another part reads, “He’s toying with people’s portfolio like candy, like the narcissistic billionaire he is and always will be. We say ENOUGH. Hence, we created $STOPELON,” apparently coming from the traders who supposedly created the token.

Meanwhile, as of now, the meme coin is not available on major exchanges but purchase is available by downloading Trust Wallet and other apps that are compatible with SWAP platform PancakeSwap.


Image courtesy of Cointelegraph News/YouTube

Micky is a news site and does not provide trading, investing, or other financial advice. By using this website, you affirm that you have read and agree to abide by our Terms and Conditions.
Micky readers - you can get a 10% discount on trading fees on FTX and Binance when you sign up using the links above.