It came as a surprise to see the price of the BOB token increase by more than 40% in less than two hours today.
U.Today has previously covered this meme token, which is one of its offshoots that originated from the most recent season of meme tokens.
However, this is most likely where the similarities between BOB and its predecessor, Pepe Coin (PEPE), end. BOB is personified by the meme frog, just like its predecessor.
In contrast to BOB’s marketing, which is driven by the ExplainThisBob Twitter bot, PEPE’s marketing is dependent on the spread of viral content.
It is an automated program that makes use of some form of artificial intelligence to provide explanations for tweets in which it is mentioned.
Bob comments on Elon Musk’s tweets even without the tag, which causes the eccentric billionaire to frequently respond to the bot’s tweets. This is done so that Bob can give credit to the developers of the bot.
Bob offered a concise yet eloquent definition of the term “comedy” in response to Musk’s tweet, which included the word “comedy,” and as a result, he caught the attention of the person who owns Twitter.
After this, the price of BOB increased by 28%, reaching $0.000083 per token. At this point, the sentiment shifted from buying to selling, as buyers were outnumbered by sellers.
It was announced that BOB would be listed on the major cryptocurrency exchange KuCoin 45 minutes before Musk responded to the tweet.
It’s interesting to note that the token’s price started going up twelve minutes before the listing announcement, and that increase had already reached at least 16 percent by the time the listing announcement was made.