1) Musk changed his Twitter profile picture to a bunch of Bored Apes.
2) APE jumped up 20%. The news was spreading fast. People wanted to ride that train "to the moon." News articles started to emerge "APE soared..." "Elon Musk changed his Twitter profile pic..." "Musk endorsed BAYC"...
2) Musk tweets: "I dunno... Seems pretty fungible to me." Perpetuating the idea that NFTs are essentially jpegs that anyone can make an unlimited amount of copies of.
4) APE drops all the way back and keeps going. From this point, as usual, it may go up or down.
If Elon gave the market several days before delivering his punchline, the results on APE FOMOers would have been catastrophic.
What lesson can we learn from this? I dunno... Someone learned not to invest based on Elon's tweets today for sure.
Btw, those articles still keep popping up...
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