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A cryptocurrency inspired by Elon Musk’s dog soars more than 4,000% in one day

The price of Elon’s Marvin (MARVIN) token, which is named after Elon Musk’s Havanese dog breed, has registered astronomical growth this Sunday, skyrocketing more than 4,000% in the last 24 hours, according to the data of CoinGecko.

In May 2019, the billionaire shared an image of the mascot on Twitter.

The token, founded on October 11 and powered by the Binance smart chain, reached an all-time high of $ 0.340579 on the same day. The cryptocurrency is currently trading for $ 0.160033, which is a 53.2% drop from its record high.

Elon’s Marvin is not the first token inspired by the CEO’s of SpaceX and Tesla’s mascots. There is another named after another Musk dog, a meme coin called Shiba Floki (FLOKI), whose price in September soared more than 1,000% after the businessman published a photo of his puppy.

Disclaimer: This article is generated from the feed and not edited by our team.

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