NVIDIA's Jensen Huang Accidentally Follows RTX Meme Coin Community Member, Token Surges 7x Before Dropping

iconKuCoinFlash
Share
AI summary iconSummary
NVIDIA CEO Jensen Huang accidentally followed a member of the RTX meme coin community on X, triggering a 7x surge in the BSC-based token before a sharp decline. On-chain data shows the token’s market cap dropped to $1.51 million. RTX is now among the altcoins to watch due to Huang’s influence and volatile community sentiment. BlockBeats warns of further volatility based on social activity and potential follow-up actions.

According to ME News, on August 5 (UTC+8), Jensen Huang inadvertently followed @TradeSager, a member of the BSC-based stock meme coin community for "RTX," on the X platform. It is believed that Huang followed the account after seeing @TradeSager’s tweets tagged with #RTX, or due to a lack of familiarity with X’s crypto community and hashtag conventions. In response to this news, the meme coin "RTX" surged sevenfold briefly before rapidly retracing. As of publication, according to GMGN market data, the token’s market cap has declined to $1.51 million. BlockBeats reminds users that the price of this token may experience significant volatility due to community sentiment and potential future actions by Jensen Huang; investors should proceed with caution. (Source: BlockBeats)

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.