Musk's Neuralink Announcement Spurs Copycat Crypto Spike
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Elon Musk announced the first human implant of a Neuralink brain device on January 28th. The device is showing promise in detecting brain activity.
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The Neuralink device aims to one day let people with injuries use phones/computers with their mind. Musk calls it "Telepathy."
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After Musk's announcement, a crypto token named NEURALINK (not associated with Neuralink) surged 3,400% to $2.21 million market cap.
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The price spike shows crypto tokens often appear trying to capitalize on names of famous people/companies.
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A similar token, GROK, spiked 650% in November after Musk announced his AI chatbot with the same name.