Memecoin BOB (BOB), which came into popularity following PEPE’s explosive surge, experienced a price decline of up to 45% following the suspension of its popular automated Twitter bot.
Memecoin BOB (BOB) Experienced a Price Decline Following the Suspension of its Popular Automated Twitter Bot
Memecoin BOB (BOB), which came into popularity following PEPE’s explosive surge, experienced a price decline of up to 45% following the suspension of its popular automated Twitter bot, @ExplainThisBob. This came after Elon Musk labeled the account a "scam."
Twitter also suspended another automated bot, @AskTheWassie. Musk stressed that promoting scams under the guise of useful bot services would result in suspension, regardless of payment to Twitter.
BOB prices dropped from $0.000031 to $0.000016 as traders reacted to Elon’s tweet, reaching a market capitalization of $13 million. BOB has been trending down since early May, when it reached a market cap peak of $74 million.
The @ExplainThisBob bot account gained popularity in late April for its clever summaries of and comedic responses to tweets. Musk supported the bot in April, contributing to a price surge of BOB, and occasionally engaged with it in later months. However, he recently stated that Twitter would target accounts that manipulated its verification system or engaged in misleading self-promotion or advertising.
