The world of cryptocurrencies is full of unusual marketing strategies. While some digital currencies like PEPE rely on virality to gain popularity, BOB, a new memecoin, has found another way to get noticed: through a Twitter bot called ExplainThisBob.
ExplainThisBob, meaning “explain this, Bob”, is an AI-powered bot that can explain tweets when tagged. This functionality caught the attention of Elon Musk, the eccentric billionaire behind Tesla, SpaceX and Twitter, who repeatedly responded to the bot’s tweets.
It all started when Musk mentioned the word “comedy” in a news story that quoted his name, Bob gave a short but eloquent explanation of what the word meant.
The news, published on Business Insider, was about Elon Musk wanting to build a bathroom next to his office so he wouldn’t have to wake his guards if he had to pee at night. Musk responded to the text saying it was a comedy.
Bob then took action and started commenting on Musk’s tweets, even without being mentioned, and piqued the interest of the tech tycoon, who agreed and liked the profile post.
“Comedy is when something is funny and makes you laugh.” Bob said.
🎯
— Elon Musk (@elonmusk) May 19, 2023
Memecoin BOB skyrockets after praise from Musk
Musk had already mentioned Bob on other occasions and even said he liked the profile. The quote is even used on the page of the coin, which presents itself as a project loved by the richest man in the world.

I love Bob
— Elon Musk (@elonmusk) April 19, 2023
This praise had a direct impact on the price of the BOB token. Shortly after the recognition, the value of the token rose by as much as 30%. However, this sudden increase also caused a shift in investor sentiment, leading to a selling trend.
Interestingly enough, Elon Musk’s response to the bot’s tweet came about 45 minutes after BOB was announced to be listed on the KuCoin exchange.
Even more intriguingly, the price of the BOB token started rising 12 minutes before the announcement and had already risen by at least 16% when the listing became official.
This unusual behavior of the BOB price before the listing announcement raises questions about the possibility of insider trading. However, to date there is no concrete evidence for this assumption.
BOB is just one example of how cryptocurrency is becoming a fertile ground for innovative and even bizarre marketing strategies.
The Twitter bot’s ability to explain tweets and capture the attention of influential personalities like Elon Musk is a remarkable example of how the power of technology can influence financial markets and influence investor behavior.
As the world of cryptocurrencies continues to evolve, we are likely to see more projects exploring unique approaches to promoting their digital currencies.
However, it is important that investors are aware of the risks and do their due diligence before making investment decisions. The cryptocurrency market is highly volatile and prone to unpredictable swings, so it is essential to exercise caution when dealing with these digital assets.
Elon Musk and memecoins
Musk is a figure known for his impact on cryptocurrencies, especially in the case of Bitcoin and Dogecoin. Through his tweets and public statements, Musk has already significantly influenced the value of dozens of cryptocurrencies.
Recently, the billionaire had a memecoin appreciate as much as 5,000% in less than 24 hours.
However, given the amount of memecoins out there, it’s hard to tell if his action was intentional. Also, the community took the opportunity to create another memecoin, although the earnings are around 80%.
The 5,000% valuation of the Milady Meme Coin (LADYS) is impressive when compared to Bitcoin’s history of appreciation.
Source: Live Coins

Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.