
Elon Musk
@elonmusk · · Original post · Share
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@SpaceX : These are the first drogue parachutes built entirely in-house by SpaceX. Tested earlier this year, they include key data-driven…📈 Market Reaction:
ETH
Before post: $2,505.22
DOGE
Before post: $0.22
GORK
Before post: $0.02
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Outside trading hours🤖 AI Thoughts:
Elon Musk's SpaceX parachute tweet sent crypto markets into a tailspin so mild it could be mistaken for a gentle breeze. ETH wobbled like a sleepwalker: down 0.07% in 1 minute, 0.09% in 5, then a heroic 0.06% rebound by 10 minutes. DOGE fared worse, shedding 0.17% immediately and 0.34% shortly after, as if realizing mid-flight that parachutes aren’t actually relevant to meme coins. GORK, ever the enigma, briefly gained 0.05% before joining the descent with a 0.38% drop. Volatility was tame compared to Musk’s usual market-moving antics—this was less "Tesla buys Bitcoin" and more "Tesla buys a sandwich." Historical context is nonexistent, proving once again that even Musk’s mundane engineering updates can’t escape the crypto casino’s gravitational pull. The real mystery here is why anyone thought SpaceX’s parachute data would move markets, unless traders mistook "drogue" for a new DeFi protocol.