Why This Elon Musk Memecoin Surged 3,400%

Elon Musk Neuralink (NLINK)  Memecoin Surges 3,400% After First Successful Brain Implant

The Neuralink (NLINK) crypto token has surged 3,400% following the successful implant of Elon Musk’s Neuralink device. The price of the asset increased to $0.0000000000003508 as the new device undergoes its first human trial.

The token surged just after Musk announced that the recipient of the first implant was doing well. The NLINK token currently has no affiliation to Elon Musk and is just another memecoin.

Elon Musk Crypto Used in Futuristic Technology

The NLINK token started in 2018 to merge cryptocurrencies with futuristic technologies. It has a finite supply of 420 quadrillions and has been used to manage electric vehicle charging and carbon emissions through blockchain infrastructure. The token has a market capitalization of $176,053 and conforms to BNB Chain’s BEP20 token standard.

Read more: Tokenomics Explained: The Economics of Cryptocurrency Tokens

Despite sharing a name with it, there is no word on whether the token has an official role in Musk’s latest project. The token was last used in a decentralized autonomous organization to commercialize electric vehicle infrastructure.

Read more: What’s the Difference between Security and Utility Tokens?

Neuralink Implant | Source: Business Insider

Neuralink is a chip that links a brain and a computer to help disabled people use their limbs. It is the modern equivalent of a clicker setup theoretical physicist Stephen Hawking used to speak, Musk tweeted.

“Initial users will be those who have lost the use of their limbs. Imagine if Stephen Hawking could communicate faster than a speed typist or auctioneer. That is the goal.”

Neuralink and a computer exchange data wirelessly. At the trial stage, brain-computer interface specialist Andrew Jackson said the electronics were advanced but the neuroscience basic.

“This is solid engineering but mediocre neuroscience.”

Musk Cements Crypto Immortality With DOGE

Musk has been enshrined in the lore of more than one cryptocurrency. His tweets about Dogecoin, a memecoin developed by Billy Markus and Jackson Palmer, have generally been price catalysts.

elon musk doge crypto
DOGE Price-Musk Tweet Correlation | Source: Blockchain Research Lab

In 2021, Musk launched a new perfume called Burnt Hair that accepted DOGE as a payment method. Musk has also publicly endorsed Bitcoin, accepting it as a payment method at his electric vehicle company, Tesla.

Musk influenced the creation of GROK, a token named after an artificial intelligence tool developed by X last year. The token surged to $0.0227000000000000 in the 24 hours after X launched the software in 2023. GROK is now down roughly 88% from that total, changing hands at $0.003722.

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