A cryptocurrency has been created to literally stop Elon Musk and fire him from Tesla
REUTERS/Hannibal Hanschke/File Photo

Elon Musk’s dabblings with Bitcoin - which have caused the cryptocurrency’s value to plummet - has given birth to a rival coin that is aiming to stop the Telsa and SpaceX CEO from any further influencing Bitcoin’s stock value.

STOPELON is looking to, well, stop Elon Musk from having a sway over the value of cryptocurrency.

Musk announced recently that Tesla would no longer be accepting Bitcoin as payment for their cars over concerns the network was having on the environment which, in part, caused the price to crash.

The value of Dogecoin experienced a 1.5 per cent jump and now trades at $0.487 per share after the South African billionaire tweeted several positive reviews of it.

STOPELON now wants to prevent something like that from ever happening again.

In a statement, STOPELON said Elon Musk has undue influence over cryptocurrency, and branded him a “narcissistic billionaire”. The group added: “We say ENOUGH. Hence, we created $STOPELON.”

Benzinga reports that STOPELON has seen a massive 512 per cent price increase in just a day, having started on a low of just $0.000001756 per share. It has now stabilised at 58 per cent and has a price of $0.000006797

STOPELON isn’t just attempting to stop the entrepreneur’s influence of the cryptocurrency community but they also want to oust him from Telsa. The aforementioned Benzinga report states that their goal is to raise enough capital to take full control of the car firm’s shares and then fire Musk from his position.

Good luck with that.

In addition to this, there is another crypto coin called $F***ELON which Newsweek report is trading at around $1.67 per share and appears to have the support of YouTuber Logan Paul.

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