--- title: "New Cryptocurrency Called $STOPELON Is Dedicated to Bashing Elon Musk" description: "A new cryptocurrency called STOPELON is dedicated to raising awareness surrounding Tesla CEO Elon Musk's extraordinary influence on the crypto market." date: "2021-05-20" modified: "2021-05-20" authors: - name: "Victor Tangermann" job_title: "Senior Editor" link: "https://futurism.com/authors/victor" url: "https://futurism.com/new-cryptocurrency-stopelon-bashing-elon-musk" categories: - "Bitcoin" - "Blockchain" - "Cryptocurrency" - "Elon Musk" - "Future Society" - "The Industrialists" tags: - "bitcoin" - "cryptocurrencies" - "elon musk" --- # New Cryptocurrency Called $STOPELON Is Dedicated to Bashing Elon Musk ![A new cryptocurrency called STOPELON is dedicated to raising awareness surrounding Tesla CEO Elon Musk's extraordinary influence on the crypto market.]() *\Image: Futurism\* It's time to grab some popcorn. A new emerging cryptocurrency called $STOPELON is — as its unsubtle name suggests — dedicated to excoriating Tesla CEO Elon Musk's extraordinary and often unpredictable influence on the cryptocurrency market. "Elon Musk is infamous for irresponsibly manipulating the cryptocurrency market with his Twitter account," the [token's official website]() reads. "Just recently, he did it again, causing a massive crash across all frontiers when he tweeted that Tesla will cease to accept Bitcoin as payment." It's the perfect distillation of [how furious]() the cryptocurrency community at large — including Musk's own fans — has become with Musk over the power he appears to wield over crypto markets, as well as his ever-changing stance on the technology. Some less subtle investors even launched a $FUCKELON coin, which itself is worth around $1.67 with a market cap of under $150,000, [according to *Newsweek*](). $STOPELON is worth even less, trading at less than $0.000026 at the time of writing, [according to Poocoin](), with a market cap of $13.8 million. Why is the crypto crowd so angry? Musk sent the value of Bitcoin for a rollercoaster ride this year when he [first announced]() in March that his electric car company will start to accept the token as a form of payment. Just two months later, though, Musk [released a statement]() saying that Tesla is suspending "vehicle purchases using Bitcoin," citing concerns about the "rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal." Then [Musk implied]() in a Twitter exchange that Tesla had sold, or was considering selling, its considerable stake in Bitcoin, causing the currency to drop precipitously — before clarifying the company hadn't sold after all. Ever since, the [value of Bitcoin has tanked](), seemingly at least partially the result of the billionaire's flip-flopping. After record highs earlier this year, the value of Bitcoin hit four-month lows earlier this week, though it's since [recovered to around $42,000](). After all the unpredictability — ironic, given the cryptocurrency's innate volatility — the $STOPELON token is the fuming cryptocurrency community's response. "He’s toying with people’s portfolio like candy, like the narcissistic billionaire he is and always will be," reads its website. The community has an ambitious end game. As their "final target," the website lists "full control of Tesla stock and Stop Elon" as well as "fly to fucking Pluto." It's unclear why the dwarf planet Pluto in particular was chosen. Whether the rather scrappy group of fed up cryptocurrency investors have what it takes to topple the empire of one of the richest people in the world, though, remains to be seen. **READ MORE:** [$STOPELON is a new coin born as reaction to Elon Musk's constant influence on crypto values]() \[*CNBC*\] **More on Musk:** *[Tesla Driver Caught Sleeping at 82 MPH With Autopilot Engaged]()* ## Author I've been at Futurism since 2017, where my role has evolved to encompass design, writing, and increasingly editing. I've always been fascinated by space exploration and advanced transportation, which I've leaned into by interviewing luminaries in those fields while closely following the dimensions of policy and regulation that allow next-generation projects to succeed -- or, sometimes, to fail. I'm also keenly interested in the effects of generative AI on society, policies, and democratic institutions, as well as clean energy, physics and biology, and the vagaries of tech leadership. My work for Futurism has been cited by publications including Ars Technica, Gizmodo, PC Magazine, Jalopnik, Fox News, and the New York Post. I spent my childhood living in locations including Manila, the Philippines, and Geneva, Switzerland, attended McGill University, and now live in Toronto, Canada. Before Futurism I worked at AskMen and a small photography studio. In my free time, I'm an avid gardener, foodie, and craft beer lover, as well as a maker of artisanal hot pepper sauces. I have a magnificent dog named Freida. ### Author social links [Bluesky]()