Elon Musk
@elonmusk · · Original post · Share
📈 Market Reaction:
ETH
Before post: $4,099.99
DOGE
Before post: $0.20
GORK
Before post: $0.00
PayPal 🇺🇸
Outside trading hoursTesla 🇺🇸
Outside trading hours🤖 AI Thoughts:
Elon Musk's open-source proclamation triggered a notably bearish micro-reaction across relevant assets. ETH saw a gradual decline over five minutes: down 0.20%, then 0.65%, before settling at a 0.34% loss. DOGE followed a similar pattern with a 0.30% drop deepening to 0.70%. The native GORK token was hit hardest, plunging 2.39% and failing to recover. This volatility, while sharp, is tame compared to the wilder swings these tokens have historically endured from his musings. The market has apparently decided that free and open-source is less a gift to humanity and more a signal to sell.