Anti Elon coin rises 512% intraday.. goal to stop Musk from manipulation of crypto (and control Tesla) 😂

The cryptocurrency community declared war against Elon Musk with a new project aiming to lift his role as the CEO of electric car manufacturing firm Tesla Inc.

What Happened: The StopElon (CRYPTO: STOPELON) cryptocurrency saw a major price uptick after the community took a grudge against the tech tycoon.

The official website of the token in question explains that it aims "to destroy the biggest market manipulator of them all."

StopElon's plan is to use the capital raised through the project to gain full control of Tesla stock and fire the firm's CEO. The developers also took some additional steps to make the coin attractive to investors, like destroying 40% of the token's supply and then distributing 6% of the transaction fees back to the token holders.