MaTouGu, the whip is out! Meme coins $Bob and $WASSIE official Twitters banned, prices plummet around 30%

Elon Musk, the billionaire, issued a public warning on Twitter this morning, May 18, regarding two meme coins' official Twitter accounts, suggesting that they could potentially be scams and that he would deactivate the accounts if proven true, sparking discussions within the community. However, he seems unfazed by the $2.58 billion lawsuit filed by Dogecoin investors.

Elon Musk Calls $BOB and $WASSIE Memecoins Scams

On June 18th, Elon Musk issued a warning comment regarding the Memecoin projects Bob and Wassie, stating:

"Looks like a crypto scam. Will be investigating shortly."

Regarding Wassie, Elon Musk criticized the bot's automated replies in a tweet:

"Promoting scams with interesting or helpful bots will lead to account suspension. No matter how much you pay us."

Interestingly, Elon Musk seemed to follow through on his statements, as shortly after these comments were made, the Twitter accounts for Bob and Wassie were suspended. As of today, Bob had over 400,000 followers on Twitter. Since the news broke, both $Bob and $Wassie tokens experienced daily drops of over 30%.

Double Standards?

According to data from All in station, during the meme coin craze, Elon Musk had previously tweeted, "I love Bob," causing a 40% price surge in $Bob at the time. The subsequent suspension of the Bob account has led to criticism of his inconsistent behavior.

Elon Musk Accused of Manipulating Dogecoin Price, Lawyer Denies Allegations

Previously, according to a report by Decrypt, Elon Musk is facing a $25.8 billion lawsuit for allegedly using his influence and social media presence to manipulate the market and engage in fraudulent activities related to Dogecoin. However, he has denied ever holding Dogecoin.

A court document from June 7, 2023, alleges that Musk sold over 1.4 billion Dogecoin, worth over $124 million, from two wallets. This was primarily related to the incident where Musk changed his Twitter profile picture to the Dogecoin logo in early April, causing a significant price surge and subsequent drop, resulting in losses for Dogecoin investors.

In response to the allegations, Elon Musk's lawyer, Alex Shapiro, stated: