After Elon Musk's CLAUDIA mention, bots spawned dozens of copycat memecoins
- —CLAUDIA's market cap rose from ~$4M to ~$9M after Musk's mention
- —Copycat $SIB tokens reached $750K–$1M each
- —One pool showed under $1 liquidity against a $3.2M displayed market cap
- —The main pool had 992 seller wallets versus 695 buyer wallets
Why it matters: The scheme shows how celebrity attention is converted into exit liquidity for bots, leaving retail traders with worthless copycat tokens.
Source: Siam Blockchain
More on this
Exchanges · Sep 30Elon Musk's X links cashtags in the feed to trading via Interactive Brokers, Gemini, Kraken and Coinbase
Exchanges · Sep 22Elon Musk's X prepares trading feature ahead of next bitcoin bull run
Security · Sep 21Elon Musk's X Sues Network of Bitcoin Accounts Over Payout Fraud