Elon Musk Mocks Crypto Trading Tax Controversy, Mentions Project's Temporary 120% Surge

BlockBeats News, January 3rd, Musk posted a crypto transaction tax dispute issue on his social media platform, with the original text being: "A customer bought $7000 worth of cumrocket and staked for 3 months to earn a 6900% return. They then sold and took profits to invest in NFTitties, but the developer rugged the project, and they only managed to liquidate 10% of the funds. Can the customer deduct the minting coin gas fee to balance short-term capital gains tax?"

Impacted by this news, the token CumRocket (CUMMIES) saw a short-term surge of 124%.

BlockBeats Note: CumRocket is a blockchain-based project aimed at innovating the adult content industry through its native cryptocurrency CUMMIES. The project was launched in April 2021.

BlockBeats reminds users that Musk's mentioned projects are subject to significant market sentiment fluctuations, and user investments should be cautious.