Elon Musk shares Wikipedia post on 'grape', sparks speculation of 'grapecoin'

This also comes days after Musk's announcement on Friday that Tesla Inc merchandise can be bought using the dogecoin. The five-word tweet by billionaire Elon Musk led to a massive jump in the value of meme-based cryptocurrency dogecoin.

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Dogecoin, which seems to have inspired "grapecoin", is a cryptocurrency created as a "joke", making fun of the wild speculation in cryptocurrencies at the time. Made by software engineers Billy Markus and Jackson Palmer, it is considered both the first "meme coin", and, more specifically, the first "dog coin".

Earlier too, Musk's tweets on the in the past, including the one where he called it the "people's crypto", have helped the meme coin soar 5,859 per cent over 2021, according to data from Coinbase website.

Musk, who was named as Time magazine’s Person of the Year for 2021, had in October, reiterated his holdings which are limited to Bitcoin, Ethereum and Dogecoin. He closely watches the cryptocurrency space and tweets his observations regularly.

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