Tesla-Themed Coins Spike After EV Giant Unveils ‘Cybercab’ Robotaxi — Why You Should Be Careful
Posted On October 11, 2024
Cryptocurrencies referencing Elon Musk’s Tesla Inc. (NASDAQ:TSLA) surged Thursday as the electric vehicle (EV) juggernaut unveiled its dedicated two-seater robotaxi product.
What happened: A Solana (CRYPTO: SOL)-based coin, TeslaTAXI, pumped over 101% in the last 24 hours, according to CoinMarketCap. The coin’s trading volume on the decentralized exchange (DEX) Raydium exceeded $53,000, while its market capitalization surged over $227,000.
Another cryptocurrency, TESLA, although having a very small market capitalization of $1,800, increased by more than 10% in the past 24 …
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