Here are the key moments in 2023 where social media posts fueled significant rallies and sparked heated debates. 

Twitter, now doing business as X, wields substantial influence on the crypto market. Tweets are capable of sparking rapid changes in investor sentiment and market trends.

This year, the social media platform — under the helm of Tesla CEO Elon Musk — has been abuzz with everything from groundbreaking announcements by major crypto players to heated criticism from experts. 

Let’s explore some standout tweets from 2023 and their impact on the crypto world.

Musk’s tweet sparked a 3000% rally

On May 11, Musk, as usual, made a significant impact on the crypto market with a single post. 

The crypto firebrand posted an image related to the Milady Meme Coin, a coin that drew its inspiration from the Milady Maker NFT project. 

This tweet featured one of the Milady Maker anime-style Ethereum NFT profile pictures with the caption “There is no meme. I love you.” 

The tweet quickly went viral, amassing over 250,000 likes and several thousand retweets. The response in the crypto market was immediate and dramatic. 

The price of Milady Meme Coin surged by more than 3000%. That’s an astonishing rise, highlighting the sensitivity of the crypto market to influential figures’ social media activity.

Optimus AI skyrocketed following Musk’s Tweet

Musk, once again, demonstrated his remarkable ability to manipulate markets on June 21. 

The SpaceX founder tweeted about Optimus, stating that it “will come in many forms.” This cryptic message, concise yet compelling, had a profound impact on the cryptocurrency market — particularly on the value of Optimus AI (OPTI).

Following Musk’s comment, OPTI experienced a significant surge in its market value. In just one day, the price of Optimus AI increased by 38.6%, reaching $0.132, as reported by CoinGecko. 

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Author: Ankish Jain

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