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‘Elon Goat’ Coin Crashes After Elon Musk Doesn’t Acknowledge The $600k Monument Made In His Honor

Crypto Guys Spend $600,000 On Hideous Wormlike Elon Musk Statue, Causing Their Coin To Crash

An Elon Musk monument was created by the cryptocurrency startup EGT (which stands for Elon GOAT Token). The statue depicts a goat’s body with the entrepreneur’s head stuck on top, poised to launch into space on a rocket.

Despite frightening off Twitter’s advertisers just weeks after buying the site, Elon Musk has managed to keep some fanboys on lock, particularly in the cryptocurrency realm. EGT is so desperate for Musk’s attention that it raised $600,000 from his “super fans” and built him a statue showing his head on the body of a Shiba Inu dog riding a rocket.

“Elon GOAT Token has really stepped outside the box and did something no other Crypto project has dared to do,” EGTPRO said on its website.

“We built Elon Musk a $600,000 monument on the back of a semi-trailer in honor of his many accomplishments and commitment to Cryptocurrency!”

According to Interesting Engineering, Danny Wang designed the project, which was built over nine months by Canadian metal sculptors Kevin Stone and Michelle Stone. Musk’s head is six feet tall, most likely not meant to be a dig at the tech bro’s sense of self.

Jeff Hoffman, Chairman of EGT’s Advisory Board, said the monument’s architects wanted to “celebrate the existence of the most innovative man of the twenty-first century.”

“The idea behind this statue is to capture the greatest transfer of wealth in its entire history. The creators of the cryptocurrency want it to make it memorable and save time just like it has been done in history; statues have been built to capture the moments,” he added.

As many have noted, Musk has still not responded to the odd gesture in any way, but the cryptocurrency markets did.

Unluckily, the already-low-value coin’s price had fallen drastically since November 26, when the coin’s creators performed their “Goats giving” unveiling and drive-by of the statue.

According to CoinMarketCap data, $EGT hasn’t seen much growth in the last year. Still, its founders thought the Musk statue would motivate the entrepreneur to tweet about the company, bringing additional exposure to the token.

Sadly, despite $EGT’s creative marketing approach, their digital token’s promotional campaign appeared to have been timed to failure. The collapse of cryptocurrency exchange FTX, which many have associated with a Ponzi Scheme, has left the cryptocurrency markets in complete disarray.

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