Elon Musk is known for his influential presence on social media, especially Twitter, where his tweets have led to significant fluctuations in cryptocurrency prices, even causing them to skyrocket. These incidents highlight Musk's unpredictable yet impactful role in the crypto market.
His tweets, often mentioning specific cryptocurrencies, have created immediate responses from the market, demonstrating the power of social media in influencing financial landscapes. This effect is amplified by Musk's popularity and his follower base, reflecting their trust and response to his digital communication.