Musk shared a video referencing the NPC concept, inadvertently boosting the value of NPC, a meme coin on Ethereum and Base.
Elon Musk's recent social media activity has had an interesting impact on the Non-Playable Coin (NPC), a cryptocurrency tied to the NPC meme. Musk's actions have inadvertently led to a notable rise in the value of NPC, which is a meme coin on Ethereum and Base.
On Saturday, Musk posted a video about the NPC meme, which was originally created by Mario Nawfal, host of Mario Nawfal's Roundtable. The video discusses the idea that many people act like non-player characters in real life.
This video, which appeared on Joe Rogan's podcast, gained traction after Musk's endorsement. It marked the second time that Musk's actions have unintentionally boosted NPC. Last year, after Musk expressed interest in the meme, the coin emerged.
Now, as a result of Musk's recent post, NPC's value has seen a significant increase. The coin, which was trading at $0.017 on Friday, rose by 42% following Musk's post, reaching $0.02463 on Saturday.
Moreover, recent trading volume for NPC jumped by 70%, further highlighting the impact of Musk's involvement. Such incidents are not uncommon, as we've seen with other cryptocurrencies like Dogecoin and Shiba Inu, which also experienced spikes in value after being mentioned by Musk.
These incidents serve as a reminder of the volatile nature of meme coins and the importance of conducting thorough research before making any investment decisions.
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