• One of the newest memecoins on the market is making rounds after securing gains going above 100 percent in a single week. 
• Thanks to a recent interaction between Elon Musk and the “Explain This Bob” bot, the Bob native token managed to hit an ATH of $1. 

Although Elon Musk’s influence across the Fintech scene is undeniable, his relevance stretches further than that. Going even further is the billionaire’s significance within the crypto community. In previous times, a single tweet or comment from the Tesla CEO has sent prices of assets surging through the roof. This time is no different, as a tweet made by Elon Musk seems to have triggered the bulls of a certain altcoin yet again.



It all started when Elon Musk took to Twitter to respond to a popular bot. The interaction has since fueled a notable conversation around the asset in question. Additionally, the altcoin linked to the interaction has soared significantly.

The “Explain This Bob” bot currently uses artificial intelligence, particularly OpenAI, to help curious users find answers and break down complex questions. Twitter users typically tag the account asking it to answer questions about a variety of topics. Explain This Bob has been known to respond with some of the most comprehensive responses.

Elon Musk takes to Twitter to profess his love for “Explain This BoB” which led to a 100% upsurge in price

The bot recently chimed into an ongoing conversation pertaining to Elon Musk’s claims that Twitter’s data was sold to third parties.

“I’m open to ideas, but ripping off the Twitter database, demonetizing it (removing ads), and then selling our data to others isn’t a winning solution,” Musk said, in response to a Twitter user who critiqued the platform’s refusal to pay Twitter API’s fees. The bot went ahead to make Elon Musk’s response even more concise and straightforward.

“Twitter does not want to sell their database and the idea of taking away ads is not a good way to make money.” The bot tweeted. Elon Musk followed up with a reply saying “I love Bob.”

As a result of the interaction, BOB, the official project of the ExplainThisBob has recorded a significant surge in price value. The asset skyrocketed by more than 1000 percent within the last week. The memecoin rose to an all-time high of $1, before losing momentum. At the time of this report, Bob is trading at a price of $0.9997.



The new development comes at an interesting time for the memecoin community, which has seen the rise of newbies such as Pepe (PEPE) take over the market recently. Although key players like Max Keiser, a popular Bitcoin proponent referred to the asset as an “unregistered security,” the asset has still managed to outperform rival memecoins like Dogecoin (DOGE), Shiba Inu (SHIB) and Floki Inu (FLOKI) in trading volume.