The market doesn't have that much dumb money anymore. Secondly, the speculative funds and main forces can clearly distinguish whether it's the real Elon Musk hyping it up or the person managing Elon's Twitter doing it. There is definitely a difference.
The two memes Elon Musk recently interacted with:
#Rfc peaked at 200 million
#gork peaked at 80 million
Compared to the ones he interacted with in 2021:
#Doge peaked at a market cap of over 80 billion
#Shib peaked at a market cap of over 50 billion
In 2021, the total market cap of the crypto space
peaked at approximately 1.5 trillion
As of 2025, the total market cap of the crypto space
is approximately 2.7 trillion
So, what exactly went wrong?
Why can't the memes Elon Musk frequently interacts with even reach a market cap of 1 billion??
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