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Crypto News

Crypto Firm Spent $600,000 to Create a Half-Elon Musk, Half-Goat Statue

The cryptocurrency company EGT (which stands for Elon GOAT Token) built an interesting monument of Elon Musk. The statue represents a creature with a goat’s body and the entrepreneur’s head stuck on it that is about to shoot into space on a rocket.

The firm plans to deliver the item to Musk’s home in Austin, Texas, on November 26 and invited people to attend the claim of this “historical gift.”

Musk Put on a Pedestal

Twitter’s new owner and the world’s richest man – Elon Musk – is one of the most influential figures of our time, and people often pay attention to his words, even when he talks about crypto.

The digital asset firm – EGT – took that affection to another level by creating a bizarre statue of the South African. His 6-foot-tall head is placed upon a 30-foot-long body of a goat while the creature sits on a rocket that is about to head to “the moon.”

The developers spent $600,000 to fulfill the project and want to give it to Elon Musk as a gift so he could “catapult” the EGT token “into the limelight and accelerate its various initiatives.” The company has even created a countdown clock showing it will deliver the item to the South African’s residence in Austin, Texas, on Saturday (November 26).

Musk’s Statue, Source: Daily Mail

The Canadian subsidiary of Tesla – Drive Tesla Canada – thinks the acceptance of the present will be a “global spectacle” that could go viral beyond crypto and into mainstream media.

Jeff Hoffman – the Chairman of EGT’s Advisory Board – said the creators of the monument sought to “celebrate the existence of the most innovative man of the 21st 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.

Musk Can Affect the Market

Trying to convince Musk to boost the development of EGT’s token does not lack logic since the billionaire has proven he can influence the market.

In a series of tweets last July, he spoke about a mysterious cryptocurrency called Baby Doge Coin. The coin’s price skyrocketed by 90% hours after his Twitter engagements.

Last Christmas, Musk dressed his dog (called Floki) in a Santa Claus outfit and posted a picture on the social media platform. Creative crypto participants were quick to react and introduced a new token going by the name Santa Floki (with the ticker HOHOHO). The asset soared over 18,000% in the following days.

Musk is famous for his affection toward the first-ever memecoin Dogecoin and often praises its merits. His interaction with the token last year, specifically the numerous endorsements on Twitter, was one of the reasons DOGE reached an all-time high of nearly $0.75. The ongoing bear market, though, has cooled off the price expansion, and it currently trades at around $0.08.

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