Cardano enthusiasts were briefly thrown into a frenzy on April 1st after a community-driven account, Cardano Feed, shared a seemingly innocuous screenshot. The image suggested tech mogul Elon Musk had begun following their account, sparking speculation of a potential endorsement for Cardano’s ADA token.
Read Also: Xumm Ends XRP Burn for XAH Minting on Xahau Sidechain
🔥 Oh my god!!! Welcome aboard #Cardano @elonmusk pic.twitter.com/12k84eGZme
— Cardano Feed ($ADA) (@CardanoFeed) April 1, 2024
Comments flooded social media, with users expressing excitement at the prospect of Musk’s influence. Some saw it as validation for Cardano, while others even entertained the idea of Musk shifting his focus from Dogecoin (DOGE) to ADA.
However, the jubilation was short-lived. The reveal came swiftly – the screenshot was a clever April Fool’s Day prank by Cardano Feed. Their silence on the image’s authenticity further confirmed the playful deception.
Read Also: Shiba Inu Burns Rise Despite Token Price Slump
Meanwhile, Elon Musk himself embraced the spirit of the day. In a humorous tweet, he announced his (fictitious) appointment as Disney’s Chief DEI Officer, expressing enthusiasm about collaborating with company executives to make their content “MORE woke.” This lighthearted jab mirrored the social media landscape on April 1st, which Ripple’s CTO David Schwartz aptly likened to a “Purge Day” for information consumption, highlighting the need for careful verification.
Today is social media's Purge day, the only day of the year that you can't trust everything you read here.
— David "JoelKatz" Schwartz (@JoelKatz) April 1, 2024
The Cardano prank holds a certain significance. It coincides with the early stages of the current cryptocurrency bull run, much like the time Elon Musk first publicly tweeted about Dogecoin. Since then, Musk has remained a vocal supporter, propelling DOGE into the top ten cryptocurrencies. Similarly, he championed Bitcoin during the previous bull run, with Tesla even accepting Bitcoin for a period before discontinuing the service due to environmental concerns. Notably, recent reports suggest Tesla still ranks as the third-largest publicly traded company holding Bitcoin, with a steady 9,720 BTC in their possession for the past seven quarters.
In conclusion, while the Cardano endorsement was a lighthearted prank, it serves as a reminder of the ever-evolving cryptocurrency landscape and the power influential figures like Elon Musk hold. It also highlights the importance of critical thinking and fact-checking, especially during the information free-for-all that is April Fool’s Day.
Â
Follow us on Twitter, Facebook, Telegram, and Google News