--- title: "Hamster-Themed Cryptocurrency Skyrockets for Incredibly Dumb Reason" description: "The alternative cryptocurrency Hamster skyrocketed on Tuesday — and Tesla CEO Elon Musk may have had something to do with it." date: "2021-09-29" modified: "2021-09-29" authors: - name: "Victor Tangermann" job_title: "Senior Editor" link: "https://futurism.com/authors/victor" url: "https://futurism.com/the-byte/hamster-cryptocurrency-skyrockets" categories: - "Blockchain" - "Cryptocurrency" - "Future Society" tags: - "cryptocurrencies" - "dogecoin" - "elon musk" - "ethereum" - "the digest" --- # Hamster-Themed Cryptocurrency Skyrockets for Incredibly Dumb Reason ![The alternative cryptocurrency Hamster skyrocketed on Tuesday — and Tesla CEO Elon Musk may have had something to do with it.]() *\Image: Getty Images/Futurism\* ## Going Ham The alternative cryptocurrency known as Hamster Coin skyrocketed on Tuesday, trading more than 460 percent higher over the last 24 hours, [*Benzinga* reports](). And as is frequently the case in the volatile world of crypto, Tesla CEO Elon Musk probably has something to do with it. A hamster in Germany named Mr. Goxx has been [turning the crypto world upside down]() by buying and selling cryptocurrencies inside a rigged cage called the "Goxx Box." The diminutive rodent has been quite successful, with his lifetime career performance up about 20 percent, [according to *BBC*](), outperforming Warren Buffet and the S&P 500. Now, it seems, he's even pumping the value of dubious altcoins. ## Musk Rat Mr. Goxx caught the attention of Musk, who [tweeted on Tuesday]() that the "hamster has mad skillz!!" Dogecoin creator Billy Markus also chimed in. "He clearly needs an iced out diamond and gold hamster ball," [he tweeted]() in response to Musk, "so he could become a hamster baller." And that kind of hamster enthusiasm has clearly led to some appetite for hamster-themed cryptocurrencies. Tuesday evening, the price of one Hamster Coin shot up to an extraordinary $0.000000001721 after languishing around an underwhelming $0.000000000520, according to [CoinMarketCap](). The value of the "HAM" cryptocurrency was already trending after Twitter CEO Jack Dorsey gave it a small shoutout in a [late June tweet](). It's a silly instance of tech CEOs' outbursts sending a random alt coin soaring — and it's [not the first time](). "Baby Doge, doo, doo, doo, doo, doo,” the billionaire wrote in a [July tweet](). And you guessed it: [Baby Dogecoin spiked](). **READ MORE:** [Hamster Cryptocurrency Shoots Up 465% — Courtesy Of Elon Musk And Dogecoin Creator?]() \[*Benzinga*\] **More on Mr. Goxx:** *[Elon Musk Compliments Crypto-Trading Hamster]()* ## 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]()