Information reaching Kossyderrickent has it that Explain This Bob gets suspended from Twitter after Elon Musk said it looks like ‘scam crypto account’. (Read More Here).
Explain This Bob,’ a popular Twitter account with its own cryptocurrency, has been suspended after owner Elon Musk accused it of being a scam.
@ExplainThisBob, which was created last year, had more than 402,000 followers when it was suspended on late Saturday night. It came just hours after Musk came across it.
“This sure looks like a scam crypto account. If so, it will be suspended,” Musk said in a comment directed at the account.
Twitter users tagged @ExplainThisBob under all kinds of tweets, which prompted the bot to reply with an explanation of the original tweet. But it was also linked to a cryptocurrency token called $BOB, which plummeted more than 27% after the suspension.
BOB Token hit its highest price of $0.00021819 on May 06.
At the time of writing, BOB Token was trading at $0.0000197, rising around 3% in the last 24 hours. Its 24-hour trading volume rose to $186.36 million and market cap increased to $13.61 million.
The latest meme coin in the market, BOB Token was launched in April 2023, gained attention of some high-profile investors, including Musk, who praised the virtual explainer’s responses and even went on to express his love for the token on Twitter.
The endorsement from Musk fuelled a bull run in the token price and in just two weeks, it witnessed a 4744% price surge, a 1000% growth in unique holders, and a tenfold increase in trading volume, as per a Binance report.
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