What Happened: A quick deep-dive into Google Trends reveals that post the ambiguous tweet from Musk, search results for bunny-themed coins surged on the platform. One such keyword is “bunny crypto”, which saw a 1,550% increase. Among others, “rocket bunny” saw a 1,500% increase, “rabbit crypto” saw a rise in search by 1,450%, and “rocket bunny crypto” searches spiked by 1,400%.
Rokens featuring the word “bunny” have also increased in value with CoinMarketCap showing the likes of Bunny Park (CRYPTO: BP), Pancake Bunny (CRYPTO: BUNNY), Little Angry Bunny V2 (CRYPTO: LAB V2), Rewards Bunny (CRYPTO: RBUNNY) gaining in value.
See Also: How To Buy Shiba Inu (SHIB)
Similarly, CoinGecko shows that the price for BunnyRocket (CRYPTO: BUNNYROCKET) has seen gains of over 88.1% on the day, while the price of Rocket Bunny (CRYPTO: BUNNY) has increased by 252.1% on the day at the time of press.
In the tweet, Musk didn’t give the details but the figure resembles a bunny holding a rocket, often interpreted as “to the moon” meme used in the cryptocurrency community.
— Elon Musk (@elonmusk) October 17, 2021
Musk’s message remains open to interpretation, with some seeing a Shiba Inu mascot in them, some others saying it’s a reference to Dogecoin, and the rest scrambling to find cryptocurrencies with “bunny” featuring in their names.
The Tesla and Space X founder has made a habit of affecting the cryptocurrency markets through his tweets. Musk has played a key role in helping Dogecoin (CRYPTO: DOGE) break into the mainstream, with his tweets and opinions also having an impact on the apex cryptocurrency Bitcoin.