Elon Musk has once again worked his magic on cryptocurrency markets, but this time making the lesser-known CumRocket (CUMMIES) coin to surge 429%. The price surged drastically after Musk posted a meme on X showing Pepe the Frog talking to the IRS about taxes. The meme referenced the IRS’s delay on tax reporting for crypto investors, sparking a massive rally in CumRocket’s price. In just one hour, CUMMIES skyrocketed from $0.004 to $0.022. Although the spike didn’t last, the coin remains much higher than before Musk’s tweet, proving his big impact on crypto prices.
