--- title: "Crypto Guys Spend $600,000 on Hideous Wormlike Elon Musk Statue, Causing Their Coin to Crash" description: "An Elon Musk-themed meme coin has plummeted in value after its founders unveiled a bizarre statue that features Musk's head on the body of a goat." date: "2022-11-28" modified: "2022-11-28" authors: - name: "Noor Al-Sibai" job_title: "Senior Staff Writer" link: "https://futurism.com/authors/nooralsibai" url: "https://futurism.com/the-byte/elon-goat-coin-statue-crash" categories: - "Blockchain" - "Cryptocurrency" - "Elon Musk" - "Future Society" - "The Industrialists" tags: - "elon musk" - "goats" - "memes" - "the digest" --- # Crypto Guys Spend $600,000 on Hideous Wormlike Elon Musk Statue, Causing Their Coin to Crash ![An Elon Musk-themed meme coin has plummeted in value after its founders unveiled a bizarre statue that features Musk's head on the body of a goat.]() *\Image: Crypto Crib via Twitter\* ## Smote GOAT A bunch of crypto-pilled Elon Musk fans spent $600,000 to build a giant statue that features the new Twitter czar's head on a goat's body, riding a rocket — and their coin crashed after they took the grotesque work of "art" public. Over the holiday weekend, the great minds behind the Elon Goat Token — an in-your-face homage to the man they consider to be the "Greatest of All Time," or GOAT — decided to unleash upon the streets of Austin, Texas their metallic Frankenstein's monster: a bizarre behemoth that's supposedly the face of Musk on a goat's body, but that looks a lot more like if the owner of Tesla, SpaceX, and Twitter was grafted onto [Dune's infamous shai hulud sandworms](). https://twitter.com/Crypto_Crib_/status/1597162129647620096 ## Insult to Injury As commentators have noted, [Musk himself hasn't yet acknowledged]() the bizarre homage in any way — but the crypto markets sure have. Indeed, the price of the already-low-value coin has [plummeted dramatically]() since November 26, which was the day the coin's makers held their "[#GOATsgiving]()" unveiling and drive-by of the statue. ![]() As of right now, the Elon Goat Token is worth a very small fraction of a cent, though again, it wasn't worth all that much more at its Thanksgiving Day high, which totaled about $0.002 per coin. The whereabouts of the strange statue haven't been reported since Saturday, [when it was "delivered"]() to Tesla's Austin Gigafactory. Whether the new Twitter owner has seen it or not is anyone's guess. Is this the last gasp of the crypto hype machine? Only time will tell. **More on the Elon of it all:** [*Elon Musk's Crying About Trent Reznor Shows That He Is a Big, Big Baby*]() ## Author At Futurism, I've often been drawn to unpacking the narratives that underlie technological, scientific and medical progress, with a special interest in areas of conflict and ambiguity that end up setting agendas and steering the fates of both elites and the hoi polloi. I'm a committed generalist, but I often find myself returning to work involving NASA and the private space sector, the effects of AI on media and society, and the mechanics of the pharmaceutical industry, with a specific focus on the spread of GLP-1 drugs like Ozempic and Wegovy. Prior to Futurism, I worked for publications ranging from Media Matters and Truthdig to Raw Story and Bustle. I'm also the author of "Myspace Scene Queens," a 2024 title in Instar Books' acclaimed "Remember the Internet" series. My work at Futurism has been cited by outlets including the New Yorker, Slate, Nieman Lab, the Verge, the MIT Technology Review, the Sunday Times, and the Daily Beast. I grew up in North Carolina, attended the University of North Carolina at Asheville, and now live in Brooklyn, New York. In my free time, I'm an avid reader and music fan; you can probably find me at a local poetry reading, concert, underground rave, or DJ set. I'm the proud parent of an ineffable orange cat named Mee-Mow. ### Author social links [Bluesky]()