What role do influencers (e.g. Elon Musk) play in meme coin price movements?

I'm curious about the impact influencers, like Elon Musk, have on the price movements of meme coins. It seems their opinions and tweets can significantly sway market trends. Could you share your insights on how these influential figures shape investor sentiment and contribute to the volatility of meme coin values?

#Crypto FAQ

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