On June 18, Elon Musk suddenly spoke up and accused that BOB was a scam project. He also directly blocked the Twitter account of this memecoin.
BOB owns two Twitter accounts, @BobEthToken and @ExplainThisBob. In which, @BobEthToken is the main account, while @ExplainThisBob is usually managed by a Twitter bot and often participates in comments under celebrity posts.
On the morning of June 18, the account @ExplainThisBob posted an update to the “Pro” version. However, Elon Musk has suggested that this account has signs of a fraudulent project and said that if necessary, this account will be locked.
Soon after, BOB’s @ExplainThisBob account was locked. Currently, this account has more than 402 thousand followers on Twitter.
At press time, the price of BOB is trading around $0.000018, down more than 13% over the past 24 hours.
Notably, in April, Elon Musk tweeted recommendations about the BOB. He tweeted: “I love Bob”. This has caused the price of BOB to increase by more than 40% in a short time.
Besides BOB, memecoin AskTheWssie (WASSIE) has also encountered similar problems after attracting the attention of Elon Musk.
Elon Musk is facing multiple charges related to insider trading and market manipulation. However, it looks like this lawsuit will drag on for a long time before it comes to an end.