Musk's "Mars City" Concept Ignites Meme Coin Frenzy: TERMINUS Surges Over 10,000%On September 24th, the cryptocurrency market experienced a dramatic shift as the meme coin TERMINUS surged past $0.45, marking a new all-time high and a staggering 239% increase in 24 hours
Musk's "Mars City" Concept Ignites Meme Coin Frenzy: TERMINUS Surges Over 10,000%
On September 24th, the cryptocurrency market experienced a dramatic shift as the meme coin TERMINUS surged past $0.45, marking a new all-time high and a staggering 239% increase in 24 hours. As of now, TERMINUS has a market capitalization of $45.5 million and a 24-hour trading volume of $9.7 million. This astonishing surge stems from an unbelievable story: a trader, with an initial investment of just $135, purchased 3.46 million TERMINUS tokens on September 8th, which are now worth over $1.3 million, representing an astounding return of nearly 10,000 times.
The rise of TERMINUS is inextricably linked to Elon Musk's ambitious Mars colonization project. The project's contract was created 39 days ago, and its token ID references "Terminus," the name Musk mentioned for SpaceX's first human city on Mars. Community members point out that in February 2020, Musk cited the concept of Terminus from Isaac Asimov's "Foundation" series, envisioning it as a "new high point for humanity."
The immediate trigger for this surge was a tweet by DogeDesigner (Dogecoin's UX/UI designer, retweeted by Musk) on September 21st: "The first city on Mars could be named 'Terminus' Elon Musk." This tweet sparked intense community discussion and instantly propelled TERMINUS into the market spotlight, causing its price to skyrocket over 10,000% within days.
The explosive growth of TERMINUS once again highlights the wild and unpredictable nature of the meme coin market. While Musk has not responded directly, his remarks undoubtedly exerted a significant influence on TERMINUS's price. This might foreshadow a future where meme coins experience even more volatility and surprises driven by "celebrity effects."
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