Elon Musk seems to have turned into a villain from hero for many in the crypto community in recent days and the best example of that is the launch of a new cryptocurrency named STOPELON.
Not too long ago, Tesla founder Musk was regarded as a major crypto backer, but last week he ruffled feathers after declaring that his electric vehicle company would no longer accept Bitcoin for payments due to environmental concerns. That led to a massive sell-off in Bitcoin and the wider crypto market.
In this scenario, the cryptocurrency STOPELON was launched and in just a matter of two days, it has managed to deliver gains of as much as 1800%. As a matter of fact, STOPELON already commands a market cap of as much as $17 million. Considering the sort of gains that STOPELON has made in recent days and the continued anti-Musk campaign in the crypto sphere, it might be a good move to keep an eye on it at this point.