Another token dedicated to the spaceship has also been launched on the Ethereum blockchain, as per CoinMarketCap, but the platform has yet to track any fluctuations in the token’s price.
According to a report from the Associated Press, the impressive 400-feet-tall Starship rocket successfully lifted off on October 13 at sunrise near the Mexican border. The rocket followed a trajectory over the Gulf of Mexico, resembling the flight path of the four previous Starship attempts, which ultimately ended in destruction. Fortunately, this Starship did not meet a similar fate.
Upon the launch, it return to the launch base, the rocket was successfully captured by the launch tower’s metal arms, often referred to as “chopsticks.”
Elon Musk, the Chief Executive Officer and Chief Technology Officer of SpaceX, mentioned in a post on X that the megarocket was engineered with a booster capable of being reused within an hour after launch.
“The booster returns within about 5 minutes, so the remaining time is spent reloading propellant and positioning a ship on top of the booster,” Musk clarified.
Elon Musk is well-known for his significant influence in the cryptocurrency space, even though he hasn’t launched any official tokens himself. The billionaire has been a staunch advocate for Dogecoin, even backing a space mission funded by the cryptocurrency, which was postponed last year.
His brief posts on X have repeatedly sparked double-digit gains for popular cryptocurrencies such as Bitcoin, Dogecoin, and SHIBA INU. For instance, a single tweet can lead to dramatic price fluctuations, demonstrating Musk’s unique ability to impact the market with just a few words.
On April 8, a series of deepfake videos featuring Musk deceived viewers into participating in fraudulent SpaceX giveaways on YouTube. These scams were cleverly disguised as live streams focused on the solar eclipse occurring at that time.
The Power of Social Media
Musk’s social media presence, particularly on X, has created a dynamic where his words can lead to immediate market reactions. This phenomenon raises questions about the responsibilities of influential figures in the crypto space and their role in promoting transparency and security for investors.
As the cryptocurrency landscape evolves, so too will the tactics used by scammers. Staying informed and aware of these issues will be crucial for anyone looking to navigate this volatile market safely.