Following the recent revelation of Musk’s $5,000 bid for a college student who tracked the movements of his private jet to shut down his account, a meme coin called “ElonJet” was born last week, with developers promising that if the market cap reaches 1,000 $10,000, and will give the college student a Tesla instead of Musk.
ElonJet has no contact with Jack Sweeney, a college student who tracked the movements of Musk’s private jet. The meme was valued at about $3 million on CoinMarketCap.com as of Sunday afternoon local time.
Sweeney, a 19-year-old college student in the United States, manages an account on Twitter that tracks Musk’s private jet. Last fall, he rejected Musk’s offer to pay him $5,000 to delete the account, asking Musk to give him at least $50,000 or a Tesla Model 3, which Musk turned down.
Musk has blocked Sweeney’s account on all social media following the recent revelations of the incident. It all turned out to be a really funny thing, Sweeney himself said in an interview over the weekend, adding, “If they believed in the meme, I’m sure they would follow through.
Meme coin, also known as “emoji currency”, is a cryptocurrency associated with online jokes. Tesla CEO Elon Musk is a fan of Dogecoin, a meme coin that started out as a joke between two engineers.