Pick Or Rick ($RICK) Token Trends Above $PEPE On DEXTools With Elon Musk Tweet - Meme Coin Insider Trading?
An episode of Adult Swim's cartoon Rick and Morty has inspired the latest meme coin on Uniswap, with the apparent help of an Elon Musk tweet - Pick Or Rick (RICK) token.
The RICK/WETH pair made the top ten list of hot pairs on DEXTools today, at points being the #1 trending token, higher than Pepe (PEPE).
Launched at 22:00 UTC on June 2nd, Pick Or Rick coin pumped 16,000% in the past 24 hours, which is not uncommon for a newly listed meme coin with a low market cap and few holders. There are currently only 467 holders of $RICK token.
Elon Musk Tweets About Rick and Morty Episode
New meme coins are often launched as a reaction to things celebrities say or do - without their knowledge or them actually being associated with the projects, which usually have anonymous developers.
'Pickle Rick' is the third episode of season three of the Adult Swim animated television series Rick and Morty. Its not the first TV show to inspire a meme coin, with a SpongeBob Squarepants themed token going viral last month.
It's unlikely Elon Musk is behind or even aware of Pick Or Rick token, but it may be further ammunition for his detractors which have recently accused him of insider trading of Dogecoin (DOGE).
Not the first time he's faced the charge, the Tesla and Twitter owner is accused of profiting from market manipulation by changing the Twitter icon to a Shiba Inu dog image, the logo of DOGE.
Pick Or Rick Coin Claims Responsibility
Following the tweet above, the @pickorrick Twitter account - created on May 25th - posted a tongue-in-cheek claim that it was their doing:
Mission accomplished we got @elonmusk to tweet about Pickle Rick $rickcoin #pickorrick. Launching tomorrow 10pm UTC.
Last month a SLUTS crypto token ($SLUTS) pumped shortly after Andrew Tate went viral for calling crypto traders 'sluts' for 'gambling on shitcoins'.
It retraced its initial pump shortly after, and it remains to be seen how well $RICK token will perform.
Elon Musk Tweets at Meme Coin Account
Elon has also recently tweeted directly at the account of an upcoming meme token, Wall Street Memes (WSM).
While he again may not be aware of their crypto project, Elon replied to a meme posted by the @wallstmemes account.
The wallstmemes.com presale has been one of the fastest growing cryptocurrency projects, having raised over $3 million in the past week.