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Fake Manchester United token soars 3,000% after Elon Musk jokes about buying team

Published 08/17/2022, 10:11 AM
Updated 08/17/2022, 12:00 PM
Fake Manchester United token soars 3,000% after Elon Musk jokes about buying team

Manchester United Fan Token (MUFC) is a dead coin and not related to the sports franchise, but one Elon Musk tweet was enough to revive it on Aug. 17.

To clarify, MUFC is not an official Manchester United crypto token. It came to life in August 2021 after a team of programmers, who are said to be hardcore Manchester United fans, falsely claimed that holding MUFC would give buye influence on the football club's decisions.

CITY/USD daily price chart. Source: TradingView
MUFC price and volume performance (last seven days). Source: CoinPaprika.com
MUFC pools statistics as of Aug. 17. Source: PancakeSwap
MUFC volume record. Source: PancakeSwap

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