Plenty of rockets have been launched under Elon Musk's watch, but the SpaceX chief technology officer and co-founder just rocketed a rocket described as a digital ejection — for the second time.

Com Rocket price (Comez) rose 68% on Friday, hovering above $0.007 on the day after Musk Meme posted on X (formerly known as Twitter) has a mysterious token name.

In Musk's post, popular internet meme Pepe the Frog is depicted communicating with the IRS, discussing the tax implications of on-chain activity involving "cumrocket" and "NFTitties."

Musk's post may have referred to the IRS delaying tax reporting requirements on Wednesday, a delay Which provides relief to cryptocurrency investors until next year. But after Musk's post, CumRocket's price quintupled in less than an hour, rising 429% to $0.022 from $0.004. That peak was short-lived, but CUMMIES is still significantly higher than it was before Musk's tweet.

Since musk Named In 2019, Dogecoin launched its “favorite cryptocurrency,” and its ability to generate interest in the assets being traded has been documented to receive more than just positive feedback.

And while Musk's influence has grown significantly since he spent $250 million to help President-elect Donald Trump win the White House, Musk still serves as an occasional meme kingmaker in the cryptocurrency world.

Launched on the BNB Chain in 2021, CumRocket was created by a British TikToker software engineer known as “Lydia.” Adult actresses Lacey London, Shelby Paris, and Lauren Phillips served as ambassadors for the meme months after its release.

CumRocket's promoters have weighed in on Musk's posts before. In 2021, a group of enthusiasts believed that Musk had endorsed the token by A series of emojis At the time, CumRocket pumped as high as $0.21, before falling to $0.07 just three days later.

And on Friday, CumRocket's

Musk's taste in memes could move markets, and so far it hasn't done any harm.

A federal judge in Manhattan last year found that Musk's public statements about Dogecoin were "ambitious and exaggerated," dismissing a class-action lawsuit filed by Dogecoin investors. Yet stinging Back and forthThe lawsuit was dropped in November.

Sam Bankman Fried?

When it comes to notable CumRocket owners, FTX co-founder and former CEO Sam Bankman Fried is probably among them. In 2023, Coinbase Product Manager Conor Grogan linked The defunct hedge fund of the disgraced cryptocurrency mogul has purchased 950,000 units of CUMMIES.

Wallet linked to Bankman-Fried bought CumRocket for $173,000 of BNB in ​​June 2021, BscScan Data He appears. When the wallet's CumRocket holdings were later exchanged for Ethereum more than a year later, the tokens were worth only about $2,200.

Grosjean did not immediately respond to a request for comment Decryption.

CumRocket's launch on Thursday isn't the first time a coin has jumped on Musk's Pepe-related posts. It's not even the first time this week.

Anthropomorphic amphibians, originally created by Matt Furie in 2005, Inspired Launch of $8.8 billion meme coin in 2023. Pepe (baby(It is the third largest meme in terms of market capitalization, behind the Shiba Inu)Gray) and Dogecoin (Doug) - the $53.8 billion meme that Musk has a lot of history with.

When Musk changed hisa little) rose In response. The token was designed based on an image that was first published on X on December 10.

However, the meme coin's run was short-lived. It all came to a head when Musk's profile reverted to his real name and face.

Modified by Andrew Hayward