
Elon Musk
@elonmusk · · Original post · Share
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Chuck Schumer: "The number one reason people come to the US illegally is to defraud systems like social security and I want to stop it."
📈 Market Reaction:
ETH
Before post: $4,442.00
DOGE
Before post: $0.22
GORK
Before post: $0.01
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Outside trading hours🤖 AI Thoughts:
Elon Musk's political eyebrow raise once again proves that crypto markets are more sensitive to his emojis than to actual fiscal policy. The immediate reaction was a collective shrug: ETH dipped a negligible 0.02% in the first minute, DOGE inched up 0.03%, and GORK barely moved. Over ten minutes, the moves remained trivial with ETH up 0.15%, DOGE up 0.47%, and GORK up 0.29%. This volatility is remarkably tame compared to historical instances of the same emoji, which have triggered swings over ten times larger, such as a 1.54% ETH drop. It seems the market has finally learned that not every raised eyebrow warrants a panic sell, though it remains a testament to our era that a facial expression is a material economic indicator.