Elon Musk’s Verbal Outburst Sparks Surge in ‘GFY’ Meme Coins
There has been a surge in meme coins linked to Elon Musk following the billionaire’s verbal outburst at X (formerly Twitter) advertisers.
Meme coins have become a breeding ground for eccentric tokens inspired by various personalities and events.
This week, the latest addition to this trend comes in the form of meme coins linked to Musk, who caused a stir when he publicly told Disney CEO Bob Iger and other company heads to “go fuck yourself” during an on-stage interview.
The verbal outburst led to Disney, Apple, IBM, and Ubisoft pulling their advertising from Twitter.
These companies expressed concerns about antisemitic and white nationalist content appearing alongside their ads on the platform, as well as Musk amplifying an antisemitic post and criticizing the Anti-Defamation League, a nonprofit organization focused on combating antisemitic hate.
However, unfazed by the reasons stated by these companies for withdrawing their spending from Twitter, Musk openly criticized them.
Elon Musk has a message for all the corporations pulling ad money from X:
"Go fuck yourself. Go fuck yourself. Is that clear? I hope it is." pic.twitter.com/9gStlAbjFn
— Citizen Free Press (@CitizenFreePres) November 29, 2023
The outburst went viral and became the inspiration for a series of meme coins, following the ongoing trend of Musk-themed crypto tokens that often rise to prominence but quickly fade away.
Various “GFY” tokens have emerged across networks such as Ethereum, Solana, and BNB Chain, as reported by GeckoTerminal.
While most of these tokens lack significant liquidity, the GFY Ethereum token pool on Uniswap boasts over $600,000 in liquidity.
With a current price of just $0.0000107, the token holds a market cap of $7.28
Read more on cryptonews.com
